Indian Oil Corporation is currently trading at Rs. 344.10, up by 4.05 points or 1.19% from its previous closing of Rs. 340.05 on the BSE.
The scrip opened at Rs. 339.55 and has touched a high and low of Rs. 344.60 and Rs. 339.55 respectively. So far 1,888 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. 307.00 on 13-Feb-2015.
Last one week high and low of the scrip stood at Rs. 353.85 and Rs. 338.65 respectively. The current market cap of the company is Rs. 83,764.00 crore.
The promoters holding in the company stood at 68.57% while Institutions and Non-Institutions held 7.20% and 24.22% respectively.
Indian Oil Corporation (IOC) is reportedly in preliminary discussions to buy out the Linear Alkyl Benezene (LAB) plant of South India-based Tamilnadu Petroproducts.
Linear Alkyl Benzene (LAB) is a raw material used in the manufacture of detergents, soaps and cleaning powders. The LAB plant of Tamil Nadu Petro Products, located at Manali, Chennai, has an installed capacity of 1,20,000 mtpa.
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.
