Indian Oil Corporation (IOC) is currently trading at Rs. 360.00, up by 5.60 points or 1.58% from its previous closing of Rs. 354.40 on the BSE.
The scrip opened at Rs. 355.00 and has touched a high and low of Rs. 361.75 and Rs. 355.00 respectively. So far 32280 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 381.00 on 26-May-2014 and a 52 week low of Rs. 186.20 on 31-Jul-2013.
Last one week high and low of the scrip stood at Rs. 381.00 and Rs. 330.10 respectively. The current market cap of the company is Rs. 87636.94 crore.
The promoters holding in the company stood at 68.57% while Institutions and Non-Institutions held 6.97% and 24.46% respectively.
Indian Oil Corporation is planning to raise $1.65 billion debt in overseas market in the current financial year. The company will raise $900 million through external commercial borrowings to replace short-term costlier loan while another $750 million will be raised over the financial year.
The overseas debt interest rate was around 3 per cent - 3.5 per cent. The company raised $1.17 billion foreign debt in the last fiscal. The company will invest Rs 16,600 crore toward business expansion in 2014-15.
IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.
