Indian Oil Corporation (IOC) is currently trading at Rs. 439.20, up by 10.85 points or 2.53% from its previous closing of Rs. 428.35 on the BSE.
The scrip opened at Rs. 431.65 and has touched a high and low of Rs. 440.45 and Rs. 430.25 respectively. So far 666028 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 449.90 on 03-May-2017 and a 52 week low of Rs. 196.33 on 24-May-2016.
Last one week high and low of the scrip stood at Rs. 449.90 and Rs. 427.25 respectively. The current market cap of the company is Rs. 212397.28 crore.
The promoters holding in the company stood at 57.34%, while institutions and non-institutions held 17.15% and 25.51% respectively.
IOC is reportedly in talks with Saudi Aramco on downstream investments, including a mega project on its west coast, which could help the Organization of the Petroleum Exporting Countries (OPEC) member lock-in customers amid an oil supply glut.
Oil producers are targeting growing demand in Asia to boost market share after rising US shale oil output has displaced some of their supplies.
Meanwhile, India, the world's third biggest oil consumer, is planning to build a 1.2 million barrels per day (bpd) refinery to petrochemical project in the country's west coast to feed its growing fuel demand.
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.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1435.70 |
| Indian Oil Corp. | 146.85 |
| BPCL | 307.60 |
| HPCL | 396.25 |
| MRPL | 155.40 |
| View more.. | |
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