Oil India hit a fresh 52 week high of Rs 445, up 4 per cent on the National Stock Exchange (NSE) in early morning trade, post the company ‘s declaration that the board is going to meet on November 28 to consider issue of bonus shares.
On November 17, the state run oil exploration & production company noted stock exchanges that a meeting of the board of directors of the company will be held, scheduled on November 28, 2016,in order to approve un-audited financial results for the quarter and half year ended September 30, 2016 (Q2) on standalone basis.
In March 2012, Oil India had issued bonus shares in the ratio of 3:2 -three shares for every two held.
During the morning trade, the stock was up 3 per cent at Rs 440 on the NSE, as compared to 0.63 per cent decline in the Nifty50 Index. A total of 192,129 shares changed hands on the counter on both the NSE and BSE. The Average Daily Movement of the stock is 9.02 and its average volume for last 20 days is403033.
The 52 week low value of Oil India share price is seen at Rs. 300.35 (01-MAR-16). The company has a market cap amounting to Rs. 25680.53 (Cr) and has a book value of 374.99. The stock yields 3.08 per cent monthly returns and has the Consolidated FY 15-16 PE Ratio of 34.10.
Oil India is analyzed by Dynamic Levels as the top 500 performing stocks for this quarter among the 1700 stocks which are listed on the NSE. Oil India is fundamentally strong and is safe for investment, as per Dynamic analysts.
In order to know about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a visit to Oil India share price history.
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