Indian Oil Corporation is currently trading at Rs. 89.65, up by 0.65 points or 0.73% from its previous closing of Rs. 89.00 on the BSE.
The scrip opened at Rs. 89.85 and has touched a high and low of Rs. 90.45 and Rs. 89.20 respectively. So far 467207 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 156.00 on 01-Oct-2019 and a 52 week low of Rs. 71.15 on 18-May-2020.
Last one week high and low of the scrip stood at Rs. 90.45 and Rs. 84.05 respectively. The current market cap of the company is Rs. 84115.51 crore.
The promoters holding in the company stood at 51.50%, while Institutions and Non-Institutions held 20.18% and 28.20% respectively.
Indian Oil Corporation (IOC) is reportedly nearing to bag its first order to export up to 720,000 tonnes of clean products to Mauritius. Of total, the state-owned oil and gas company is likely to supply 205,000 tonnes of 95 RON gasoline, 235,000 tonnes of ten parts per million (ppm) gasoil, 175,000 tonnes of jet fuel, and about 105,000 tonnes of marine gasoil.
Earlier in May, the company won its first contract to supply fuels to Bangladesh. Due to declining local demand as a result of the Covid-19 outbreak and weak margins, IOC is seeking to engage in sales of its fuels.
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.
