Oil India is currently trading at Rs. 470.05, up by 4.65 points or 1.00% from its previous closing of Rs. 465.40 on the BSE.
The scrip opened at Rs. 470.00 and has touched a high and low of Rs. 472.50 and Rs. 467.50 respectively. So far 4942 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. 415.00 on 29-Aug-2013.
Last one week high and low of the scrip stood at Rs. 498.00 and Rs. 462.10 respectively. The current market cap of the company is Rs. 28298.48 crore.
The promoters holding in the company stood at 68.43% while Institutions and Non-Institutions held 16.47% and 15.09% respectively.
Global credit rating agency, Moody’s Investor Service has rated Baa2 (stable) rating to Oil India (OIL). This is the maiden international credit rating evaluation of the Government-owned oil and gas explorer.
Baa2 rating reflects the baseline credit assessment of baa2, which is one notch higher than the rating given by Moody’s to the Government of India (Baa3 stable).
OIL has historically maintained a conservative financial profile. However, OIL plans to fund its expansion activities with a mix of operating cash flows and debt. This rating would help OIL access international markets for raising debt through bonds.
