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Oil India surges on winning 12 out of 32 oil & gas exploration blocks

03 Jul 2019 Evaluate

Oil India is currently trading at Rs. 178.40, up by 2.05 points or 1.16% from its previous closing of Rs. 176.35 on the BSE.

The scrip opened at Rs. 177.15 and has touched a high and low of Rs. 178.80 and Rs. 176.85 respectively. So far 7081 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 227.00 on 24-Sep-2018 and a 52 week low of Rs. 166.15 on 31-Jan-2019.

Last one week high and low of the scrip stood at Rs. 181.60 and Rs. 173.10 respectively. The current market cap of the company is Rs. 19356.63 crore.

The promoters holding in the company stood at 61.61%, while Institutions and Non-Institutions held 22.23% and 16.15% respectively.

Oil India has won 12 out of 32 oil and gas exploration blocks offered in latest auction. According to the Directorate General of Hydrocarbons (DGH), the company has won 6 out of the 14 blocks on offer in Open Acreage Licensing Policy (OALP)-II, while in OALP-III, the company got 6 blocks.

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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