MoneyWorks4Me

Oil India trades in green despite incurring loss of Rs 148 crore amid well closure around Baghjan fire

17 Sep 2020 Evaluate

Oil India is currently trading at Rs. 95.15, up by 1.15 points or 1.22% from its previous closing of Rs. 94.00 on the BSE.

The scrip opened at Rs. 94.50 and has touched a high and low of Rs. 95.50 and Rs. 94.50 respectively. So far 34687 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 174.80 on 18-Oct-2019 and a 52 week low of Rs. 66.00 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 96.90 and Rs. 93.75 respectively. The current market cap of the company is Rs. 10312.69 crore.

The promoters holding in the company stood at 56.66%, while Institutions and Non-Institutions held 25.96% and 17.39% respectively.

Oil India has incurred loss of Rs 148 crore in revenue in 100 days from the closure of oil and gas wells in the vicinity of the Baghjan fire in Assam. The blowout at a gas well resulted in the closure of a number of producing oil and gas wells in and around Baghjan in Tinsukia district due to protests by locals. The well was producing 80,000 standard cubic meters per day (SCMD) of gas from a depth of 3,870 meters before the blowout in May.

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
View more..