 "Indian Oil, IOC")
Shares of oil marketing companies (OMCs) were under pressure falling by upto 4% on the BSE in intra-day trade. Indian Oil Corporation (IOCL), Hindustan Oil Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) were trading lower in the range of 3% to 4% on the BSE. On comparison, the S&P BSE Sensex was down 0.88% at 33,387 points at 01:47 pm.
IOCL was down 4% to Rs 185, extending its Thursday’s 3% decline after the stock turned ex-bonus in the ratio of 1:1 (i.e. one bonus share for every one share held).
IOCL was down 4% to Rs 185, extending its Thursday’s 3% decline after the stock turned ex-bonus in the ratio of 1:1 (i.e. one bonus share for every one share held).
In past three months, IOC, BPCL and HPCL
