Oil India gains as board to consider bonus issue proposal

Oil India rose 3.45% to Rs 348 at 11:45 IST on BSE after the company scheduled a board meeting on 9 February 2018 to consider a proposal of issuing bonus shares.

The announcement was made after market hours yesterday, 5 February 2018.

Meanwhile, the S&P BSE Sensex was down 1036.83 points, or 2.98%, to 33,720.33.

On the BSE, 49,000 shares were traded in the counter so far, compared with average daily volume of 30,913 shares in the past one quarter. The stock had hit a high of Rs 350.40 and a low of Rs 328 so far during the day. The stock had hit a 52-week high of Rs 388.85 on 12 January 2018. The stock had hit a 52-week low of Rs 258 on 3 July 2017.

 

The large-cap company has equity capital of Rs 756.60 crore. Face value per share is Rs 10.

Oil India will declare its Q3 December 2017 results on 9 February 2018. The company's net profit rose 11.3% to Rs 645.97 crore on 6.1% rise in net sales to Rs 2473.74 crore in Q2 September 2017 over Q2 September 2016.

The Government of India held 66.13% stake in Oil India as per the shareholding pattern as on 31 December 2017.

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