Indian Oil Corporation gained 4.67% to Rs 568.40 at 12:21 IST on BSE after the company scheduled a board meeting on 29 August 2016 to consider issue of bonus shares.
The announcement was made during market hours today, 24 August 2016.Meanwhile, the S&P BSE Sensex was down 25.01 points or 0.09% at 27,965.20
On BSE, so far 4.94 lakh shares were traded in the counter as against average daily volume of 2.77 lakh shares in the past one quarter. The stock hit a high of Rs 569.70 and a low of Rs 543 so far during the day. The stock had hit a record high of Rs 593.25 on 8 August 2016. The stock had hit a 52-week low of Rs 345.05 on 12 February 2016. The stock had outperformed the market over the past 30 days till 23 August 2016, rising 1.17% compared with Sensex's 0.37% fall. The scrip had also outperformed the market in past one quarter, gaining 35.22% as against Sensex's 8.15% rise.
The large-cap company has equity capital of Rs 2427.95 crore. Face value per share is Rs 10.
Indian Oil Corporation (IOCL) announces its Q1 June 2016 results on 29 August 2016. The company's net profit dropped 80.34% to Rs 1235.64 crore on 14.8% fall in total income to Rs 81,106.96 crore in Q4 March 2016 over Q4 March 2015.
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 58.28% stake in IOCL (as per the shareholding pattern as on 30 June 2016).
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