In past two-months, the stock had rallied 19% as compared to 1% rise in Sensex till Wednesday.
The company has fixed January 13, as the record date for 1:3 bonus issue.
State-run explorer other income also fell 9.3% year-on-year to Rs 389.5 crore
The stock was up 4% to Rs 445 on NSE after the company said the board will meet on Nov 28 to consider bonus issue.
Vakrangee, Oil India, Engineers India, Infibeam Incorporation and Swan Energy were up between 3% and 12% on the BSE.
OIL had discovered natural gas in Jaisalmer sub-basin of Tanot fields and heavy oil in the Bikaner-Nagaur sub-basin in early nineties
The collaboration is aimed at augmenting company's reserve base and maximise recovery from its ageing oilfields
The fund shall focus on promoting entrepreneurship amongst youth
The stock hit a high of Rs 402 and a low of Rs 387.95 so far during the day
Interview with CMD, Oil India
For the remaining part of its share of $1 billion in the deal, Oil India may depend on its cash reserves of more than Rs 10,000 crore
The former ONGC executive director was selected from among more than half a dozen candidates interviewed by the panel
Deal is valued at $2 billion and is expected to close by September 2016