Indian Oil Corporation surged 4.63% at Rs 417.20 at 14:37 IST on BSE after net profit jumped 97.33% to Rs 7883.22 crore on 13.55% growth in total income to Rs 132218.54 crore in Q3 December 2017 over Q3 December 2016.
The result was announced during market hours today, 30 January 2018.Meanwhile, the S&P BSE Sensex was down 233.32 points or 0.64% at 36,049.93.
On the BSE, 12.28 lakh shares were traded on the counter so far as against average daily volumes of 2.67 lakh shares in the past one quarter. The stock had hit a high of Rs 419.50 and a low of Rs 399.50 so far during the day. The stock had hit a record high of Rs 462.60 on 31 August 2017 and a 52-week low of Rs 351 on 31 January 2017.
The stock had underperformed the market over the past one month till 29 January 2018, gaining 2.66% compared with the Sensex's 6.54% rise. The stock had also underperformed the market over the past one quarter, sliding 3.73% as against the Sensex's 9.43% rise. The scrip had also underperformed the market over the past one year, gaining 3.83% as against the Sensex's 30.13% rise.
The large-cap company has equity capital of Rs 4855.90 crore. Face value per share is Rs 10.
IOCL's board declared interim dividend of Rs 19 per share for FY 2018. The record date for payment of interim dividend is 9 February 2018.
The board has recommended issue of bonus shares in the ratio of 1:1 subject to the approval of the shareholders.
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IOCL is India's flagship national oil company, with business interests that straddle the entire hydrocarbon value chain - from refining, pipeline transportation and marketing of petroleum products to exploration & production of crude oil & gas as well as marketing of natural gas and petrochemicals. The Government of India held 56.98% stake in IOCL (as per the shareholding pattern as on 31 December 2017).
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