Indian Oil Corporation (IOC) is currently trading at Rs. 376.15, up by 0.15 points or 0.04 % from its previous closing of Rs. 376.00 on the BSE.
The scrip opened at Rs. 377.00 and has touched a high and low of Rs. 379.00 and Rs. 375.15 respectively. So far 49900 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 403.95 on 07-Feb-2017 and a 52 week low of Rs. 195.00 on 18-Mar-2016.
Last one week high and low of the scrip stood at Rs. 379.00 and Rs. 368.65 respectively. The current market cap of the company is Rs. 182582.03 crore.
The promoters holding in the company stood at 58.28%, while institutions and non-institutions held 16.52% and 25.20% respectively.
IOC has bought light sweet Hibernia crude from Canada’s largest oil company, doing the deal after the opening of the arbitrage for Canadian oil to flow to Asia. This was also the first time that Suncor Energy has sold a cargo of offshore Canadian crude to IOC.
IOC previously bought a cargo of Canadian White Rose oil in November 2013. State-refiners like IOC were last year given the freedom to draw up the crude import strategies that would allow them to make swift gains from changing market dynamics.
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.