Oil India is currently trading at Rs. 480.50, up by 2.05 points or 0.43% from its previous closing of Rs. 478.45 on the BSE.
The scrip opened at Rs. 480.10 and has touched a high and low of Rs. 484.00 and Rs. 478.55 respectively. So far 3003 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 552.40 on 13-Feb-2012 and a 52 week low of Rs. 431.00 on 16-May-2012.
Last one week high and low of the scrip stood at Rs. 490.00 and Rs. 477.55 respectively. The current market cap of the company is Rs. 28,884 crore.
The promoters holding in the company stood at 78.43% while Institutions and Non-Institutions held 6.49% and 15.08% respectively.
Country’s flagship explorer, Oil India, has commenced drilling operations in Gabon, South Africa for hydrocarbon exploration. The onshore block in Shakthi was obtained from the Gabon government for hydrocarbon exploration in April 2006 by OIL in collaboration with Indian Oil Corporation and Marvis, Singapore.
Further, as part of exploration activities, aeromagnetic and seismic surveys were carried out and two locations were released in Shakthi block for drilling in December 2011 by Gabon. Both these wells were stalked in deep forest with depth 3460 m and 3200 m, respectively.
