Published on 31/01/2018 12:28:13 PM | Source: Dion Global Solutions Ltd

Indian Oil rises nearly 3% on robust Q3

Shares of Indian Oil Corporation soared nearly 3 per cent on the Bombay Stock Exchange after the company reported a close to two-fold jump in its third quarter net profit at Rs 7,883.22 crore as compared to Rs 3,994.91 crore in the same period a year ago. Driven by robust Q3, stocks of the company gained as much 2.88 per cent to touch an intra-day high of Rs 427.60 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the firm were trading 1.06 per cent higher at Rs 420.65 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 35,928.82, down 104.91 points, or 0.29 per cent, at 11:45 hours.