News: Indian Oil Share: The shares of Indian Oil Corporation Limited have been on a rapid upward trajectory recently, showing impressive gains of 40% in just a month and doubling investments in six months. This positive momentum continues despite the sluggish market conditions today, with Indian Oil Share recording a 1.06% increase.
Indian Oil Corporation Limited is a prestigious Maharatna company under the Government of India’s control. While its primary focus is on oil and gas, it also engages in refinery, pipeline, transportation, and petroleum product manufacturing along the hydrocarbon chain, as well as research and development in exploration and production. It stands out as a leader in India’s oil refinery sector.
Indian Oil Corporation, along with other companies in the oil and refinery sector, is set to invest Rs 1.2 trillion in the upcoming fiscal year, indicating potential growth in their business. This positive news, coupled with a technical breakout, has strengthened Indian Oil Share.
Subscribe to Sarkari Result to stay informed. Get the latest celebrity news and detailed movie reviews in real-time. Keep up with the constantly changing world of entertainment with Sarkari Exam.
The performance of Indian Oil Corporation Limited’s shares speaks for itself, with gains of 1.1% in the last day, 26.2% in the past week, 40.5% in the last month, an impressive 102.0% in the last six months, and an outstanding 135% over the past year. This consistent upward trend has garnered attention in the stock market.
Looking at the 52-week performance of Indian Oil Corporation Limited, its shares hit a low of 75.75 on March 28, 2023, and reached a high of Rs 192.65 on February 7, 2024, indicating a trading close to its 52-week high. The stock has delivered a remarkable return of 154% during this period.
Indian Oil Corporation Limited has released its December quarter results, showing interesting details:
Being a government company, Indian Oil Corporation Limited’s majority shareholder is the government, holding 51.51% as of December 2023. The public holds the remaining 48.49%, with Foreign Institutional Investors (FIIs) holding 8.84%, Domestic Institutional Investors (DIIs) holding 29.51%, and Non-Institutional and Retail Investors holding 10.14%.
Indian Oil Corporation is a well-established and trustworthy company, backed by the government. Its recent strong performance in the stock market, coupled with good dividend payouts, makes it an attractive investment option for long-term investors, provided the shares are acquired at the right price.
Note: All informations like net worths, obituary, web series release date, health & injury, relationship news & gaming or tech updates are collected using data drawn from public sources ( like social media platform , independent news agency ). When provided, we also incorporate private tips and feedback received from the celebrities ( if available ) or their representatives. While we work diligently to ensure that our article information and net worth numbers are as accurate as possible, unless otherwise indicated they are only estimates. We welcome all corrections and feedback using the button below.
Advertisement