Indian Oil Corporation is currently trading at Rs. 88.00, up by 1.10 points or 1.27% from its previous closing of Rs. 86.90 on the BSE.
The scrip opened at Rs. 87.40 and has touched a high and low of Rs. 88.20 and Rs. 87.30 respectively. So far 51858 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 156.00 on 01-Oct-2019 and a 52 week low of Rs. 71.15 on 18-May-2020.
Last one week high and low of the scrip stood at Rs. 89.30 and Rs. 85.95 respectively. The current market cap of the company is Rs. 81809.04 crore.
The promoters holding in the company stood at 51.50%, while Institutions and Non-Institutions held 20.70% and 27.80% respectively.
Indian Oil Corporation (IOC) has resumed work on projects worth Rs 1.04 lakh crore which will help address future energy demand as well as kickstart the economy. The company is targeting a capex of Rs 26,143 crore during financial year 2020-21, and in the first quarter achieved expenditure of Rs 2,674 crore, overcoming various issues faced on-ground due to the coronavirus pandemic.
The company’s future capex plans depend on long term demand potential in the country. The company resumed works at various project sites across the country after the easing of lockdown from April 20 and more projects got added as restrictions were eased month after month.
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.