 "Oil India hits fresh 52-week high on bonus issue plan")
Oil India hit a fresh 52-week high of Rs 445, up 4% on the National Stock Exchange (NSE) in early morning trade, after the company on Wednesday after market hours announced that the board will meet on November 28 to consider issue of bonus shares.
On November 17, the state-owned oil exploration & production company informed stock exchanges that a meeting of the board of directors of the company will be held on November 28, 2016, to approve unaudited financial results for the quarter and half year ended September 30, 2016 (Q2) on standalone basis.
In March 2012, Oil India had issued bonus shares in the ratio of 3:2 -three shares for every two held.
At 09:19 am; the stock was up 3% at Rs 440 on the NSE, as compared to 0.63% decline in the Nifty50 index. A combined 192,129 shares changed hands on the counter on the NSE and BSE.
On November 17, the state-owned oil exploration & production company informed stock exchanges that a meeting of the board of directors of the company will be held on November 28, 2016, to approve unaudited financial results for the quarter and half year ended September 30, 2016 (Q2) on standalone basis.
In March 2012, Oil India had issued bonus shares in the ratio of 3:2 -three shares for every two held.
At 09:19 am; the stock was up 3% at Rs 440 on the NSE, as compared to 0.63% decline in the Nifty50 index. A combined 192,129 shares changed hands on the counter on the NSE and BSE.