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Oil companies in demand as FM proposes basic customs duty on crude, naphthalene cut to 5% vs 10%

10 Jul 2014 Evaluate

FM has proposed basic customs duty on crude, naphthalene cut to 5% vs 10%

Oil & Natural Gas Corporation (ONGC) is currently trading at Rs 409.50, up by 4.85 points or 1.20 % from its previous closing of Rs. 404.65 on the BSE. The scrip opened at Rs. 407.40 and has touched a high and low of Rs. 413.50 and Rs. 395.15 respectively. So far 538433 shares were traded on the counter.

GAIL (India) is currently trading at Rs 462.70, up by 4.10 points or 0.89 % from its previous closing of Rs. 458.60 on the BSE. The scrip opened at Rs. 460.00 and has touched a high and low of Rs. 465.25 and Rs. 451.90 respectively. So far 47203 shares were traded on the counter.

Oil India is currently trading at Rs 577.05, up by 3.80 points or 0.66 % from its previous closing of Rs. 573.25 on the BSE. The scrip opened at Rs. 575.00 and has touched a high and low of Rs. 578.70 and Rs. 570.70 respectively. So far 21250 shares were traded on the counter.

 

Peers
Company Name CMP
ONGC 226.00
Oil India 453.50
Jindal Drilling&Inds 495.90
Deep Industries 668.65
Asian Energy Service 408.80
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