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IOC is currently trading at Rs. 270.00, up by 3.70 points or 1.39% from its previous closing of Rs. 266.30 on the BSE.
The scrip opened at Rs. 266.00 and has touched a high and low of Rs. 272.85 and Rs. 265.00 respectively. So far 117729 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 391.60 on 15-Dec-2010 and a 52 week low of Rs. 254.45 on 24-Nov-2011.
Last one week high and low of the scrip stood at Rs. 272.85 and Rs. 263.10 respectively. The current market cap of the company is Rs. 64656.37 crore.
The promoters holding in the company stood at 78.92% while Institutions and Non-Institutions held 5.93% and 15.15% respectively.
In a bid to meet growing energy needs of the country, State-owned Indian Oil Corp (IOC) and GAIL are looking at picking up an equity stake in LNG projects in Africa. Both the companies are interested in farm-in opportunities in producing blocks, especially in Libya, Algeria, Egypt and Nigeria.
Hydrocarbon-rich Africa today supplies 35.31 million tonne, or 21.5%, of the nation’s crude oil needs. With natural gas demand projected to double in five years, India is looking to tie-up long-term supplies of liquefied natural gas from Africa.
India is the world’s fourth-largest oil importer after the US, China and Japan. At present, natural gas accounts for around 10% of India's primary energy basket, as against the world average of 24%. Recently, IOC, the country’s biggest refiner was planning to expand capacity by 87% to 2.46 million barrels per day (bpd) by 2020-21. At present, IOC and its subsidiary - Chennai Petroleum together control half of India’s 20 refineries with a capacity of 1.314 million bpd.
| Company Name | CMP |
|---|---|
| Reliance Industries | 2859.60 |
| Indian Oil Corp. | 162.40 |
| BPCL | 627.60 |
| HPCL | 537.05 |
| MRPL | 203.15 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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