Shares of BPCL and Shipping Corp of India (SCI) tumbled on Thursday after the Cabinet approved sale of government’s stake in these companies.

While the SCI stock dropped 6.29% to close at Rs 64.05 on the BSE, BPCL scrip plunged 5.66% to close at Rs 513.80.

Both BPCL and SCI had hit their respective 52-week highs in the early trade. Meanwhile, the Container Corp stock fell 0.49% to Rs 575.15.

Read Next
A Rs 42,000-crore market just lost one-third of its players. 3 stocks that could benefit
Stocks making the biggest moves midday: Karur Vysya Bank, CMPDI, Paytm, Canara HSBC Life, Emcure and more
Stocks making the biggest moves midday: Reliance Industries, HDFC Bank, HAL, PNB and more