 "Oil India trades 1:3 ex-bonus; stock down over 5%")
Oil India slipped nearly 6% to Rs 342 on the BSE in intra-day trade on profit booking in otherwise firm market as the stock traded ex-bonus on Thursday in the ratio of 1:3.
The state-owned oil exploration & production company has fixed January 13, 2017 as the record date for the purpose of ascertaining the eligibility of shareholders for issuance of bonus shares in the ratio of 1:3 i.e. 1 bonus equity shares of Rs 10 each for every 3 existing fully paid up equity share of Rs 10 each.
In the past two-months, the stock outperformed the market and rallied 19% as compared to 1% rise in the S&P BSE Sensex till Wednesday.
At 09:43 am; the stock was down 5% at Rs 343 against 0.46% rise in the benchmark index. A combined 595,892 shares changed hands on the counter on the BSE and NSE.
The state-owned oil exploration & production company has fixed January 13, 2017 as the record date for the purpose of ascertaining the eligibility of shareholders for issuance of bonus shares in the ratio of 1:3 i.e. 1 bonus equity shares of Rs 10 each for every 3 existing fully paid up equity share of Rs 10 each.
In the past two-months, the stock outperformed the market and rallied 19% as compared to 1% rise in the S&P BSE Sensex till Wednesday.
At 09:43 am; the stock was down 5% at Rs 343 against 0.46% rise in the benchmark index. A combined 595,892 shares changed hands on the counter on the BSE and NSE.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%