Oil India is currently trading at Rs. 564.50, up by 9.70 points or 1.75% from its previous closing of Rs. 554.80 on the BSE.
The scrip opened at Rs. 560.00 and has touched a high and low of Rs. 565.00 and Rs. 551.15 respectively. So far 30637 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 617.40 on 18-Jan-2013 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. 565.00 and Rs. 517.00 respectively. The current market cap of the company is Rs. 33849.97 crore.
The promoters holding in the company stood at 68.43% while Institutions and Non-Institutions held 15.59% and 15.98% respectively.
State-run Oil India is planning to raise $400 million via external commercial borrowings (ECB). The company will utilize these funds to finance $650 million of capital expenditure this year. It also plans to enter the liquefied natural gas (LNG) business.
The company, in the previous financial year, had raised about $50 million through ECB at 0.68% of Libor (London interbank offered rate) and is expecting better rates this year. Further, the cash-rich exploration firm is in negotiations for several oil and gas assets abroad and expected to complete at least one deal soon.
