Indian Oil Corp Rises On Bonus Issue Proposal

Indian Oil Corp Rises On Bonus Issue Proposal

Indian Oil Corporation rose 2.34% to Rs 391.35 at 10:54 IST on BSE after the company said that its board may consider bonus issue of shares along with its announcement of Q3 December 2017 results in a meeting scheduled on 30 January 2018.

The announcement was made after market hours yesterday, 22 January 2018.

Meanwhile, the S&P BSE Sensex was up 235.25 points or 0.66% at 36,033.26.

On the BSE, 2.60 lakh shares were traded on the counter so far as against average daily volumes of 2.92 lakh shares in the past one quarter. The stock had hit a high of Rs 398.50 and a low of Rs 389.50 so far during the day. Read More…

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