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Oil India surges on getting nod to raise funds worth Rs 4,000 crore

20 Nov 2018 Evaluate

Oil India is currently trading at Rs. 203.15, up by 2.10 points or 1.04% from its previous closing of Rs. 201.05 on the BSE.

The scrip opened at Rs. 200.70 and has touched a high and low of Rs. 204.10 and Rs. 200.05 respectively. So far 50402 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 259.36 on 12-Jan-2018 and a 52 week low of Rs. 180.15 on 05-Oct-2018.

Last one week high and low of the scrip stood at Rs. 205.20 and Rs. 194.10 respectively. The current market cap of the company is Rs. 22817.24 crore.

The promoters holding in the company stood at 66.13%, while Institutions and Non-Institutions held 18.81% and 15.06% respectively.

Oil India has received approval to raise funds aggregate principal amount not exceeding Rs 4,000 crore through issue of Debt Securities or equivalent amount in Foreign Currency. The Board of Directors of the Company at its meeting held on November 19, 2018 has approved the same.

Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company.

Peers
Company Name CMP
ONGC 221.10
Oil India 442.65
Jindal Drilling&Inds 572.80
Deep Industries 746.50
Asian Energy Service 450.15
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