Indian Oil Gains Over 4 Per ent On Bonus Issue Plan

Shares of India Oil Corporation rose over 4 per cent on the Bombay Stock Exchange after the state-run company said that its board may consider issue of bonus shares in the said board meeting on August 29, 2016.

Indian Oil Gains Over 4 Per ent On Bonus Issue Plan
Indian Oil Corporation: Quotes, News
BSE 592.40BSE Quote8.75 (1.48%)
NSE 592.20NSE Quote8.9 (1.50%)

The board meeting of the company is scheduled on august 29, 2016, to consider and approve the unaudited financial results of the company for the first quarter ended June 30, 2016, and may consider issue of bonus shares.

Ahead of board meeting, the stocks of company gained as much as 4.59 per cent in intra-day trade to Rs 568.00 per cent on Bombay Stock Exchange.

In a similar fashion, stocks of company advanced 3.89 per cent to close at Rs 565.10 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 28,024.82, up 34.61 points, or 0.12 per cent, at 12:00 PM.

Read more about: indian oil corporation
Story first published: Wednesday, August 24, 2016, 13:30 [IST]
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