Oil India is currently trading at Rs. 326.00, up by 1.85 points or 0.57% from its previous closing of Rs. 324.15 on the BSE.
The scrip opened at Rs. 327.10 and has touched a high and low of Rs. 327.10 and Rs. 325.00 respectively. So far 4546 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 367.43 on 11-Jan-2017 and a 52 week low of Rs. 226.50 on 16-Mar-2016.
Last one week high and low of the scrip stood at Rs. 340.45 and Rs. 322.10 respectively. The current market cap of the company is Rs. 26125.37 crore.
The promoters holding in the company stood at 67.64%, while Institutions and Non-Institutions held 16.92% and 15.44% respectively.
Oil India (OIL) has signed a MoU with the University of Houston in a bid to augment its reserves base and maximize recovery from its ageing oilfields. The major focus of the MoU is collaboration in the areas of improved oil recovery and enhanced oil recovery (EOR) for augmenting the production from matured fields, improvement in drilling and well intervention practices, seismic interpretation and reservoir characterization studies, and unconventional hydrocarbon studies.
Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company, while 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.