Oil India slips on weak Q2 results

Oil India declined 2.72% to Rs 594 at 15:35 IST on BSE after the company said its net profit fell 32.68% to Rs 608.33 crore on 17.53% fall in total income to Rs 2622.26 crore in Q2 September 2014 over Q2 September 2013.

The Q2 result was announced during market hours today, 12 November 2014.

Meanwhile, the S&P BSE Sensex was up 103.42 points or 0.37% at 28,013.48.

On BSE, so far 79,526 shares were traded in the counter as against average daily volume of 49,703 shares in the past one quarter.

The stock hit a high of Rs 619.65 and a low of Rs 589.90 so far during the day. The stock had hit a record high of Rs 668.80 on 21 9 September 2014. The stock had hit a 52-week low of Rs 439 on 6 Febraury 2014.

The stock had underperformed the market over the past one month till 11 November 2014, rising 1.78% compared with the Sensex's 6.13% rise. The scrip had also underperformed the market in past one quarter, gaining 7.59% as against Sensex's 9.37% rise.

The large-cap PSU firm has an equity capital of Rs 601.13 crore. Face value per share is Rs 10.

OIL is engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. OIL also provides various E&P related services

The Government of India holds 67.64% stake in the firm as at 30 September 2014.

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