Oil India (OIL) is currently trading at Rs. 1328.00, up by 3.80 points or 0.29% from its previous closing of Rs. 1324.20 on the BSE.
The scrip opened at Rs. 1327.00 and has touched a high and low of Rs. 1332.00 and Rs. 1319.10 respectively. So far 353 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1635.00 on 15-Sep-2010 and a 52 week low of Rs. 1207.00 on 25-Feb-2011.
Last one week high and low of the scrip stood at Rs. 1364.00 and Rs. 1305.00 respectively. The current market cap of the company is Rs. 31840.97 crore.
The promoters holding in the company stood at 78.43% while Institutions and Non-Institutions held 7.39% and 14.18% respectively.
OIL, State-owned explorer has signed a memorandum of understanding (MOU) with refiner Hindustan Petroleum Corporation (HPCL) to jointly pursue business in areas of mutual interest. Last week, the MOU was signed in the presence of Oil India Chairman and managing director and HPCL chairman and managing director.
E&P activities for hydrocarbons, city gas distribution, pipeline projects, greenfield refineries, research and development and any other area of common interest are the broad areas where both organizations could partner for business opportunities.
OIL is a premier Indian National Oil Company engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. OIL also provides various E&P related services and holds 26% equity in Numaligarh Refinery.
HPCL operates two major refineries producing a wide variety of petroleum fuels and specialties, one in Mumbai (west coast) of 6.5 million metric tonnes per annum (MMTPA) capacity and the other in Vishakapatnam, (east coast) with a capacity of 7.5 MMTPA.
| Company Name | CMP |
|---|---|
| ONGC | 287.55 |
| Oil India | 463.10 |
| Jindal Drilling&Inds | 543.30 |
| Deep Industries | 490.25 |
| Asian Energy Service | 299.15 |
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