SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Oil India trades with traction on the bourses

06 Oct 2016 Evaluate

Oil India is currently trading at Rs. 418.60, up by 7.75 points or 1.89% from its previous closing of Rs. 410.85 on the BSE.

The scrip opened at Rs. 413.25 and has touched a high and low of Rs. 420.70 and Rs. 412.80 respectively. So far 21749 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 466.70 on 09-Oct-2015 and a 52 week low of Rs. 300.50 on 01-Mar-2016.

Last one week high and low of the scrip stood at Rs. 420.85 and Rs. 392.00 respectively. The current market cap of the company is Rs. 25100.43 crore.

The promoters holding in the company stood at 67.64%, while institutions and non-institutions held 17.08% and 15.28% respectively.

Oil India (OIL) consortium including Indian Oil Corporation (IOCL) and Bharat PetroResources (BPRL), a 100% subsidiary of Bharat Petroleum Corporation (BPCL), have successfully completed two landmark acquisitions of producing upstream assets in Russia. The consortium acquired 29.9% stake in LLC Taas-Yuryakh Neftegazodobycha (Taas Yuryakh) and 23.9% stake in JSC Vankorneft (Vankorneft) from Rosneft Oil Company, the National Oil Company of Russia (Rosneft).

The transactions received approvals from relevant government authorities of India and Russia in late September and completed simultaneously on October 05, 2016 in Moscow, Russia. The definitive agreements for the Taas Yuryakh and Vankorneft deals were signed on March 2016 and June 2016 respectively.

Taas Yurakh is a producing asset and one of the largest green field developments in Eastern Siberia Region. Post this transaction, Rosneft now holds 50.1 % stake in the field. BP is the other partner with 20% stake. Vankor is a producing giant oilfield, also located in Eastern Siberia. It is the second largest field in Russia by production and contributes to about 10% of Rosneft’s entire oil production. Post this transaction Rosneft now holds 61.1% in the field. ONGC Videsh Limited currently holds 15% stake.

Oil India Share Price

470.10 7.80 (1.69%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
ONGC 283.95
Oil India 470.10
Jindal Drilling&Inds 540.15
Deep Industries 476.90
Asian Energy Service 306.05
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×