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IOC trades higher on the bourses

02 Jan 2013 Evaluate

Indian Oil Corporation (IOC) is currently trading at Rs. 269.50, up by 2.85 points or 1.07% from its previous closing of Rs. 266.65 on the BSE.

The scrip opened at Rs. 268.00 and has touched a high and low of Rs. 270.00 and Rs. 267.25 respectively. So far 5063 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 291.75 on 30-Jan-2012 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. 272.00 and Rs. 257.00 respectively. The current market cap of the company is Rs. 65409.04 crore.

The promoters holding in the company stood at 78.92% while Institutions and Non-Institutions held 5.94% and 15.14% respectively.

State-run oil marketing company-- Indian Oil Corporation (IOC) -- was supposed to block 4.7 lakh LPG consumer connections on January 1, 2013. Having undertaken massive national drive under Know Your Customer (KYC), the company has identified 70,000 connections which are held by customers under ‘different customers same address’ (DCSA) and have blocked the connection of unidentified customers. However, the company has also decided to let go off the connections for those customers who have not asked for refill of LPG cylinder for more than a year.

Under the KYC drive, customers have to provide proof of identity and proof of residence along with bank details to dealers of LPG, with the last day of filing KYC details being December 31. Further, the numbers of connection that could be blocked is expected to soar as other two oil marketing companies, Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL), are also carrying out KYC drive.

Back in September, the Central government took the decision to restrict the number of subsidized cylinders per connection holder to six in a year, to avoid slippage of subsidy burden on state exchequer.

Indian Oil Corp. Share Price

148.15 6.00 (4.22%)
06-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1437.85
Indian Oil Corp. 148.15
BPCL 314.15
HPCL 399.40
MRPL 156.85
View more..

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