Indian Oil Corporation in demand as crude prices declines

19 Aug 2011 Evaluate

Indian Oil Corporation (IOC) is currently trading at Rs 315.45, up by 3.55 points or 1.14% from its previous closing of Rs 311.90 on the BSE.

The scrip opened at Rs 312.00 and has touched a high and low of Rs 319.35 and Rs 312.00 respectively. So far 35658 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 458.90 on 21-Sep-2010 and a 52 week low of Rs 290.00 on 25-Feb-2011.

Last one week high and low of the scrip stood at Rs 326.35 and Rs 310.00 respectively. The current market cap of the company is Rs 75727.84 crore.

The promoters holding in the company stood at 78.92% while Institutions and Non-Institutions held 5.93% and 15.15% respectively.

Crude prices witnessed another down day on Thursday falling sharply by about 6 percent on fear of recession, as fresh batch of weak economic data from the United States hit investor confidence already worried about global economic growth and Europe's debt problems. US existing home sales unexpectedly dropped in July also the claim for jobless benefits rose last week and consumer prices increased at the fastest pace in four months in July.

Benchmark crude for September fell $5.20, or 5.94 percent, to settle at $82.38 a barrel after trading in a range of $87.53 and $81.15 on the New York Mercantile Exchange. In London, Brent crude ended $3.55 lower at $107.05 a barrel on the ICE.

Indian Oil Corp. Share Price

162.40 0.45 (0.28%)
31-May-2024 16:01 View Price Chart
Peers
Company Name CMP
Reliance Industries 2859.60
Indian Oil Corp. 162.40
BPCL 627.60
HPCL 537.05
MRPL 203.15
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