Oil India rose 2.02% to Rs 363.55 at 10:10 IST on BSE after net profit surged 55.1% to Rs 705.22 crore on 13.52% rise in total income to Rs 3065.30 crore in Q3 December 2017 over Q3 December 2016.
The results were announced after market hours on Friday, 9 February 2018.On the BSE, 35,000 shares were traded in the counter so far compared with average daily volume of 34,061 shares in the past one quarter. The stock had hit a high of Rs 366 and a low of Rs 362.10 so far during the day. The stock had hit a 52-week high of Rs 388.85 on 12 January 2018. The stock had hit a 52-week low of Rs 258 on 3 July 2017.
The stock had underperformed the market over the past 30 days till 9 February 2018, falling 7.07% compared with 1.44% fall in the Sensex. The scrip had also underperformed the market in past one quarter, falling 1.76% as against Sensex's 2.07% rise. The scrip had also underperformed the market in past one year, rising 3.05% as against Sensex's 20.02% rise.
The large-cap company has equity capital of Rs 756.60 crore. Face value per share is Rs 10.
Crude oil price realisation jumped to $59.40 per barrel in Q3 December 2017 from $49.20 per barrel in Q3 December 2016.
Oil India's board recommended issue of bonus shares in the ratio of 1:2 i.e, one bonus share for every two held. The company also declared an interim dividend of Rs 14 per share for the year ending 31 March 2018.
Oil India is engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. The company also provides various E&P related services and holds 26% equity in Numaligarh Refinery.
The Government of India held 66.13% stake in Oil India as per the shareholding pattern as on 31 December 2017.
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