Indian Oil Corporation is currently trading at Rs 366.85, up by 17.60 points or 5.04% from its previous closing of Rs 349.25 on the BSE.
The scrip opened at Rs. 356.65 and has touched a high and low of Rs. 375.05 and Rs. 356.65 respectively. So far 393628 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 410.90 on 12-Sep-2014 and a 52 week low of Rs. 194.50 on 09-Jan-2014.
Last one week high and low of the scrip stood at Rs. 351.75 and Rs. 337.00 respectively. The current market cap of the company is Rs. 89202.97 crore.
The promoters holding in the company stood at 68.57% while Institutions and Non-Institutions held 7.03% and 24.40% respectively.
Indian Oil Corporation (IOC), country’s largest refiner and oil marketing company, is planning to set up a petrochemical complex at Paradip in Odisha worth around Rs 20,000 crore. IOC Director Debasis Sen has asserted that petrochemical complex would be in addition to the already announced Rs 3,150-crore poly propylene project at the same location. In same region Paradip, the company had already announced to set 15-million-tonne-per-annum (mtpa) greenfield refinery which is likley to be ready in FY16.
In a petrochemical complex, ethylene derivate complex is used to manufacture value-added products such as mono-ethylene glycol (MEG) and polyvinyl chloride (PVC). MEG has a wide range of uses, from making polyester chips, PET bottles and industrial yarn to coolants, paints and wire enamels, among others.
IOC targets to aggressively increase market share in the petrochemical business. The PSU firm revenues from the petrochemical business grew 38% in Q2FY15 to Rs 5,343.04 crore from Rs 3,874.73 crore in the same quarter last year. Currently, Reliance Industries generates maximum revenue from petrochemical production.
IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1223.20 |
| Indian Oil Corp. | 130.75 |
| BPCL | 282.45 |
| HPCL | 360.35 |
| MRPL | 145.05 |
| View more.. | |
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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