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07-Sep2016

Oil India surges despite reporting 33% fall in Q1 net profit

Oil India is currently trading at Rs. 393.80, up by 4.55 points or 1.17% from its previous closing of Rs. 389.25 on the BSE.

The scrip opened at Rs. 395.00 and has touched a high and low of Rs. 402.00 and Rs. 387.95 respectively. So far 285154 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 466.70 on 09-Oct-2015 and a 52 week low of Rs. 300.50 on 01-Mar-2016.

Last one week high and low of the scrip stood at Rs. 402.00 and Rs. 382.00 respectively. The current market cap of the company is Rs. 23747.88 crore.

The promoters holding in the company stood at 67.64%, while institutions and non-institutions held 17.08% and 15.28% respectively.

Oil India has reported 33.48% fall in its net profit at Rs 494.41 crore for the quarter ended June 30, 2016 as compared to Rs 743.21 crore for the same quarter in the previous year. The company's total income decreased by 22.23% to Rs 2460.85 crore for the quarter under review from Rs 3164.12 crore for the corresponding quarter of the previous year.

Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company, while 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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