IOC trades higher on the BSE

31 Jul 2019

Indian Oil Corporation is currently trading at Rs. 134.25, up by 0.70 points or 0.52% from its previous closing of Rs. 133.55 on the BSE.

The scrip opened at Rs. 132.00 and has touched a high and low of Rs. 135.10 and Rs. 132.00 respectively. So far 84209 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 171.55 on 02-Aug-2018 and a 52 week low of Rs. 105.65 on 05-Oct-2018.

Last one week high and low of the scrip stood at Rs. 148.10 and Rs. 132.00 respectively. The current market cap of the company is Rs. 125726.09 crore.

The promoters holding in the company stood at 52.18%, while Institutions and Non-Institutions held 20.90% and 26.91% respectively.

Indian oil corporation (IOC) and its partner Adani Gas are planning to invest about Rs 9,600 crore in rolling out infrastructure for retailing CNG to automobiles and piped natural gas to household kitchens in 10 cities for which they recently won licences.

The two firms in 2013 had incorporated a 50:50 joint venture company, IndianOil-Adani Gas (IOAGPL), for implementation of city gas distribution (CGD) projects in various cities in the country. Over the years, IOAGPL participated in various bid rounds for city gas licence conducted by Petroleum and Natural Gas Regulatory Board (PNGRB).

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.

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