Indian Oil Corporation (IOC) is currently trading at Rs. 249.80, up by 1.10 points or 0.44% from its previous closing of Rs. 248.70 on the BSE.
The scrip opened at Rs. 251.00 and has touched a high and low of Rs. 252.35 and Rs. 248.95 respectively. So far 27102 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 328.80 on 16-Sep-2011 and a 52 week low of Rs. 239.00 on 19-Jun-2012.
Last one week high and low of the scrip stood at Rs. 269.90 and Rs. 247.75 respectively. The current market cap of the company is Rs. 60856.63 crore.
The promoters holding in the company stood at 78.92% while Institutions and Non-Institutions held 5.89% and 15.19% respectively.
State-run Indian Oil Corporation (IOC) has decided to invest Rs 56,000 crore towards capex during the 12th Plan. It has allocated 26% of this for integration and diversification and 74% for core business.
Further, the company is concerned about growing under-recoveries in the absence of timely receipt of compensation. The corporation has been chasing with the Government in this regard, with the expectation that in the interim, the government will continue to provide 100% compensation.
