Why BP Share Price Is Trending? How To Invest In Foreign Stocks From India?
New Delhi: On Monday, September 23, 2024, the UK based oil and gas company, BP’s share price was buoyant and traded 0.44% above opening price at £410 apiece or $32.64 on the London Stock Exchange (LSE) and New York Stock Exchange (NYSE), respectively, at around 3 pm (India time). Let’s find out how investors in India can invest in shares of ‘BP PLC’ which is one of the largest listed energy companies in the world:
How to invest in BP shares?
1. Overseas trading account with domestic broker
To invest in BP shares, retail investors can open an overseas trading account with any of India’s those domestic stock brokers which have tie up with international brokerage firms. Some of these brokers are HDFC Securities, ICICI Direct, Axis Securities, Kotak Securities, Angel One, Grow, etc.
2. Trading account with foreign entities
You can directly open a trading account with those international stock brokers which have branches in India. Some examples of such brokers are Ameritrade, Charles Schwab, Interactive Brokers, etc.
3. International Mutual Funds
If you don’t want to directly invest in BP shares but rather want to take exposure in the company through mutual funds, then, global mutual fund schemes are the way to go. There are many such mutual funds in India which invest in foreign stocks. You can pick any one of those.
4. Global Exchange Traded Funds (ETFs)
You can also invest in Global ETFs that track the indices LSE or NYSE. This is another way to take indirect exposure in BP shares.
BP Share Price Performance
In last 30 days, the stock of the oil and gas juggernaut is down 4%. While, in last six months, the scrip has given negative returns of 18% to investors. On year-to date basis, it is down 13%. While, in last one year the shares have plummeted nearly 22%.
BP PLC is a British multinational energy solutions company with market cap of £66.98 billion . According to ‘Alpha Spread’ the company’s shares are currently undervalued by 58% considering Monday’s trading price of £410 apiece.
