Indian Oil Corp (IOC) is reportedly planning to acquire the largest 37.5 per cent stake in the proposed joint venture to manage fuelling facilities at all airports.
Indian Oil Corp (IOC) is reportedly planning to acquire the largest 37.5 per cent stake in the proposed joint venture to manage fuelling facilities at all airports controlled by the Airports Authority of India.
Report says that Airports Authority of India will have a quarter stake while Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) will have 18.75% each in the joint venture.
Indian Oil Corporation Ltd ended at Rs. 415.4, down by Rs. 2.4 or 0.57% from its previous closing of Rs. 417.8 on the BSE.
The scrip opened at Rs. 418.7 and touched a high and low of Rs. 419.8 and Rs. 412.9 respectively. A total of 840520(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 100857.04 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. 345.05 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 420 and Rs. 408.2 respectively.
The promoters holding in the company stood at 58.57 % while Institutions and Non-Institutions held 16.65 % and 24.78 % respectively.
The stock traded below its 50 DMA.
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