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Oil India gains in weak market on bonus issue plan

The stock moved higher by 2.7% to Rs 345, bouncing back 5% from its intra-day low of Rs 328 touched on BSE in early morning trade

Oil India gains in weak market on bonus issue plan
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SI Reporter Mumbai
Oil India gained 2.7% to Rs 345 on BSE in intra-day trade after the company announced the board will consider issue of bonus shares in the meeting scheduled on February 9, 2018. The stock recovered 5% from its intra-day low of Rs 328 was the sole gainer among S&P BSE 200 index. The index was trading 3.27% lower at 4,493.

Earlier, on January 29, the state-owned oil exploration & production company had said a meeting of the board of directors of the Company will be held on February 09, 2018, to consider and approve unaudited financial results for the