Oil India rose 0.46% to Rs 452 at 15:18 IST on BSE after a block deal of 1.2 lakh shares was executed on BSE at Rs 454 per share at 14:30 IST.
The block deal constitutes 0.01% of Oil India's equity.
Meanwhile, the S&P BSE Sensex was up 32.89 points or 0.18% at 18,552.33.
On BSE, 1.31 lakh shares were traded in the counter as against average daily volume of 45,293 shares in the past one quarter.
The stock hit a high of Rs 457 and a low of Rs 449.50 so far during the day. The stock had hit a 52-week high of Rs 629.70 on 31 May 2013. The stock had hit a 52-week low of Rs 431 on 22 August 2013.
The stock had underperformed the market over the past one month till 23 August 2013, sliding 15.57% compared with the Sensex's 8.78% fall. The scrip had also underperformed the market in past one quarter, declining 22.98% as against Sensex's 5.87% fall.
The large-cap company has equity capital of Rs 601.13 crore. Face value per share is Rs 10.
Oil India's net profit fell 34.5% to Rs 609.08 crore on 15.1% decline in net sales to Rs 1980.88 crore in Q1 June 2013 over Q1 June 2012.
Oil India is a public sector oil and gas company under the administrative control of the Ministry of Petroleum and Natural Gas, Government of India (GoI). The company is engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of liquid petroleum gas. The GoI holds 68.43% stake in Oil India (as per the shareholding pattern as on 30 June 2013).
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