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16-Apr2019

IOC trades in green on the bourses

Indian Oil Corporation is currently trading at Rs. 155.50, up by 1.20 points or 0.78% from its previous closing of Rs. 154.30 on the BSE.

The scrip opened at Rs. 155.90 and has touched a high and low of Rs. 158.40 and Rs. 155.10 respectively. So far 218697 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 177.20 on 08-Jun-2018 and a 52 week low of Rs. 105.65 on 05-Oct-2018.

Last one week high and low of the scrip stood at Rs. 161.60 and Rs. 153.10 respectively. The current market cap of the company is Rs. 146390.17 crore.

The promoters holding in the company stood at 52.18%, while Institutions and Non-Institutions held 20.87% and 26.95% respectively.

Indian Oil Corporation (IOC) has set up a trading desk at its Delhi office to buy crude oil from international market on a real-time basis, helping it cut import price by locking in best price and quality.

IOC had set up a trading office in Singapore in 2017 but has now developed in-house software and trading team to buy crude oil on a real-time basis.

IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.


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