Indian Oil Corporation (IOC) is currently trading at Rs. 381.95, up by 3.40 points or 0.90 % from its previous closing of Rs. 378.55 on the BSE.
The scrip opened at Rs. 380.00 and has touched a high and low of Rs. 386.00 and Rs. 379.50 respectively. So far 57854 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 410.90 on 12-Sep-2014 and a 52 week low of Rs. 194.50 on 09-Jan-2014.
Last one week high and low of the scrip stood at Rs. 387.45 and Rs. 355.10 respectively. The current market cap of the company is Rs. 93233.38 crore.
The promoters holding in the company stood at 68.57% while Institutions and Non-Institutions held 7.03% and 24.40% respectively.
Indian Oil Corporation has cut throughput at five key plants after heavy rains curbed demand for diesel in northern and eastern India. A late revival of monsoon rains this month has alleviated power shortages thanks to improved hydroelectric supply, reducing demand to run generators needed to keep the lights on or use diesel pumps to irrigate crops. Devastating flooding has also hit fuel demand in Kashmir. Diesel accounts for over 40% of refined fuels consumed in India, but demand growth has weakened, in part due to sustained price rises. Diesel demand grew by just 1.7% in April-July, the first four months of this fiscal year, after contracting last year for the first time in more than a decade. IOC and subsidiary Chennai Petroleum Corp together control about a third of India's 4.3 million barrel per day (bpd) refining capacity. The five refineries account for about 93% of IOC's directly owned 1.08 million bpd of crude processing capacity. A sustained rise in diesel prices has steered industrial consumers to alternate fuels and led to a rise in sales of gasoline-powered vehicles. During the monsoon season industrial activity slows, putting further pressure on local diesel demand. IOC is operating its 120,000 barrel-per-day Barauni refinery in Bihar at half-capacity as it has shut two crude units at the plant. The other four refineries are operating at about 80% capacity.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1365.10 |
| Indian Oil Corp. | 145.85 |
| BPCL | 312.05 |
| HPCL | 370.95 |
| MRPL | 183.20 |
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