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13-Feb2019

Oil India surges on reporting 75% rise in Q3 net profit

Oil India is currently trading at Rs. 172.40, up by 2.55 points or 1.50% from its previous closing of Rs. 169.85 on the BSE.

The scrip opened at Rs. 175.00 and has touched a high and low of Rs. 176.80 and Rs. 170.40 respectively. So far 151104 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 247.45 on 18-May-2018 and a 52 week low of Rs. 166.15 on 31-Jan-2019.

Last one week high and low of the scrip stood at Rs. 174.75 and Rs. 168.25 respectively. The current market cap of the company is Rs. 19628.16 crore.

The promoters holding in the company stood at 63.20%, while Institutions and Non-Institutions held 21.21% and 15.59% respectively.

Oil India has reported a rise of 74.90% in its net profit at Rs 1,233.45 crore for the quarter ended December 31, 2018 under review as compared to Rs 705.22 crore for the same quarter in the previous year. Total income of the company increased by 34.25% at Rs 4,115.25 crore for Q3FY19 as compared Rs 3,065.30 crore for the corresponding quarter previous year.

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


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