Friday, 18 March 2016

Oil India gains 1.3% after LIC raises stake

LIC has raised its stake in the company by 2% through open market acquisition, as per media reports.

Oil India gained 1.3% to Rs. 310. LIC has raised its stake in the company by 2% through open market acquisition, as per media reports. LIC bought 1.22 crore shares or 2.04% of equity capital, to raise its stake in the company.

The scrip opened at Rs. 307 and has touched a high and low of Rs. 312.05 and Rs. 307 respectively. So far 251325(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 18412.79 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 526 on 17-Apr-2015 and a 52 week low of Rs. 300.5 on 01-Mar-2016. Last one week high and low of the scrip stood at Rs. 314.1 and Rs. 302 respectively.

The promoters holding in the company stood at 67.64 % while Institutions and Non-Institutions held 17.65 % and 14.71 % respectively.

The stock is currently trading above its 200 DMA. 

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