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Oil India soars on plan to raise about $900 million for Mozambique gas project

27 Jun 2013 Evaluate

Oil India is currently trading at Rs. 578.15, up by 18.15 points or 3.24% from its previous closing of Rs. 560.00 on the BSE.

The scrip opened at Rs. 566.00 and has touched a high and low of Rs. 586.00 and Rs. 566.00 respectively. So far 18717 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 629.70 on 31-May-2013 and a 52 week low of Rs. 432.00 on 14-Dec-2012.

Last one week high and low of the scrip stood at Rs. 586.00 and Rs. 540.55 respectively. The current market cap of the company is Rs. 34652.48 crore.

The promoters holding in the company stood at 68.43%, while Institutions and Non-Institutions held 15.59% and 15.98% respectively.

Oil India is planning to raise about $900 million in order to fund its latest stake buy out in Mozambique gas project. State run firm is likely to go for overseas market to raise 80% to 90% of its share of $1 billion in the acquisition. It also expects to have marginal impact of the currency variation on the deal size, which it has to pay from its reserves. 

The company has reported a rise of 71.88% in its net profit at Rs 764.55 crore in Q4FY13 as compared to net profit of Rs 444.81 crore in the same quarter previous year. Total income from operation of the company has increased by 37.16% to Rs 2471.75 crore as compared to Rs 1802.12 crore in corresponding quarter last year.

Oil India Share Price

470.10 7.80 (1.69%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
ONGC 283.95
Oil India 470.10
Jindal Drilling&Inds 540.15
Deep Industries 476.90
Asian Energy Service 306.05
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