Oil India (OIL) is currently trading at Rs. 302.20, up by 4.60 points or 1.55% from its previous closing of Rs. 297.60 on the BSE.
The scrip opened at Rs. 302.50 and has touched a high and low of Rs. 303.95 and Rs. 302.00 respectively. So far 2,757 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 367.43 on 11-Jan-2017 and a 52 week low of Rs. 258.75 on 28-Jun-2016.
Last one week high and low of the scrip stood at Rs. 308.00 and Rs. 296.00 respectively. The current market cap of the company is Rs. 24,221.00 crore.
The promoters holding in the company stood at 66.60%, while Institutions and Non-Institutions held 17.78% and 15.62% respectively.
OIL through its exploratory efforts has made one Hydrocarbon Discovery in the Baghjan Petroleum Mining Lease (PML) in the Upper Assam Basin in the month of May 2017 in the well South Baghjan-2. The well South Baghjan-2 encountered multiple sands in Narpuh and Lakadong+Therria formations.
Presently, the well is put on regular production. Further appraisal of the discovery is planned which is likely to enhance the oil & gas production through appraisal & development activities. OIL had also made ten discoveries in its operational areas of Assam during 2016-17. The discoveries have opened up avenue for further exploration of already identified leads / prospects in the area.
Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company, while 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 |
|---|---|
| ONGC | 283.95 |
| Oil India | 470.10 |
| Jindal Drilling&Inds | 540.15 |
| Deep Industries | 476.90 |
| Asian Energy Service | 306.05 |
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