Indian Oil Corporation trades higher on the BSE
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Indian Oil Corporation is currently trading at Rs. 79.03, up by 0.33 points or 0.42% from its previous closing of Rs. 78.70 on the BSE.
The scrip opened at Rs. 78.59 and has touched a high and low of Rs. 79.07 and Rs. 77.55 respectively. So far 386706 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 90.71 on 22-Apr-2022 and a 52 week low of Rs. 65.20 on 29-Sep-2022.
Last one week high and low of the scrip stood at Rs. 79.76 and Rs. 77.55 respectively. The current market cap of the company is Rs. 111247.12 crore.
The promoters holding in the company stood at 51.50%, while Institutions and Non-Institutions held 38.17% and 10.33% respectively.
Indian Oil Corporation (IOC) is planning to develop its existing refinery in West Bengal's Haldia into a petrochemicals complex for ‘sustaining operations profitably’. IOC has sought land from Hindustan Fertilizer Corporation (HFC), whose factory is lying defunct, for developing the petrochemicals complex
IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.
