Meanwhile, the BSE Sensex was down 141.61 points, or 0.72%, to 19,594.16.
On BSE, 5.37 lakh shares were traded in the counter as against an average daily volume of 11.76 lakh shares in the past one quarter.
The stock hit a high of Rs 76.30 and a low of Rs 74.20 so far during the day. The stock had hit a 52-week high of Rs 96.15 on 4 February 2013. The stock had hit a 52-week low of Rs 46 on 31 August 2012.
The stock had underperformed the market over the past one month till 2 May 2013, sliding 10.04% compared with the Sensex's 3.65% rise. The scrip had also underperformed the market in past one quarter, falling 19.49% as against Sensex's 0.23% fall.
The large-cap company has an equity capital of Rs 1427.59 crore. Face value per share is Rs 10.
Essar Oil reported net profit of Rs 32 crore in Q3 December 2012, compared with net loss of Rs 362 crore in Q3 December 2011. Gross revenue jumped 86% to Rs 25909 crore in Q3 December 2012 over Q3 December 2011. The company will announce its year ended March 2013 results on 10 May 2013.
Essar Oil is a fully integrated oil and gas company of international scale with strong presence across the hydrocarbon value chain from exploration and production to refining and oil retail. Essar Oil owns India's second largest single site refinery having a capacity of 20 MMTPA and complexity of 11.8, which is amongst the highest globally. It has a portfolio of onshore and offshore oil and gas blocks with about 1.7 billion barrels of oil equivalent in reserves and resources. There are more than 1,600 Essar-branded oil retail outlets in various parts of India.
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