Post the price hike, a litre of petrol in Delhi will cost Rs 59.68 and diesel will retail at Rs 48.33/litre. Petrol price in Kolkata, Mumbai and Chennai will cost Rs 63.76, Rs 65.79 and Rs 59.13 a litre respectively.
State-run Indian Oil Corporation (IOC) has raised the petrol and diesel price by Rs. 3.07 and Rs. 1.90 per litre respectively, which will be effective midnight.
Post the price hike, a litre of petrol in Delhi will cost Rs 59.68 and diesel will retail at Rs 48.33/litre. Petrol price in Kolkata, Mumbai and Chennai will cost Rs 63.76, Rs 65.79 and Rs 59.13 a litre respectively.
After the petrol and diesel prices were deregulated, the oil marketing companies (OMCs) revise the prices of petrol and diesel on the 1st and 16th of every month based on average oil price and foreign exchange rate in the preceding fortnight.
Stock View:
On Wednesday, Indian Oil Corporation Ltd ended at Rs. 388.5, down by Rs. 3.85 or 0.98% from its previous closing of Rs. 392.35 on the BSE.
The scrip opened at Rs. 393.6 and touched a high and low of Rs. 394.25 and Rs. 386.65 respectively. A total of 647478(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 94325.86 crore.
The BSE group 'A' stock of face value Rs. 10 touched a 52 week high of Rs. 465.4 on 24-Jul-2015 and a 52 week low of Rs. 324.05 on 13-May-2015. Last one week high and low of the scrip stood at Rs. 394.8 and Rs. 381.9 respectively.
The promoters holding in the company stood at 58.57 % while Institutions and Non-Institutions held 16.88 % and 24.55 % respectively.
The stock traded above its 200 DMA.
State-run Indian Oil Corporation (IOC) has raised the petrol and diesel price by Rs. 3.07 and Rs. 1.90 per litre respectively, which will be effective midnight.Post the price hike, a litre of petrol in Delhi will cost Rs 59.68 and diesel will retail at Rs 48.33/litre. Petrol price in Kolkata, Mumbai and Chennai will cost Rs 63.76, Rs 65.79 and Rs 59.13 a litre respectively.
After the petrol and diesel prices were deregulated, the oil marketing companies (OMCs) revise the prices of petrol and diesel on the 1st and 16th of every month based on average oil price and foreign exchange rate in the preceding fortnight.
Stock View:
On Wednesday, Indian Oil Corporation Ltd ended at Rs. 388.5, down by Rs. 3.85 or 0.98% from its previous closing of Rs. 392.35 on the BSE.
The scrip opened at Rs. 393.6 and touched a high and low of Rs. 394.25 and Rs. 386.65 respectively. A total of 647478(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 94325.86 crore.
The BSE group 'A' stock of face value Rs. 10 touched a 52 week high of Rs. 465.4 on 24-Jul-2015 and a 52 week low of Rs. 324.05 on 13-May-2015. Last one week high and low of the scrip stood at Rs. 394.8 and Rs. 381.9 respectively.
The promoters holding in the company stood at 58.57 % while Institutions and Non-Institutions held 16.88 % and 24.55 % respectively.
The stock traded above its 200 DMA.
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