The announcement was made after market hours on Thursday, 2 February 2012.
Meanwhile, the BSE Sensex was down 15.29 points, or 0.09% at 17,416.56
On BSE, 13,397 shares were traded in the counter as against an average daily volume of 8,765 shares in the past one quarter.
The stock hit a high of Rs 1304 and a low of Rs 1251.30 so far during the day. The stock had hit a 52-week high of Rs 1419 on 29 April 2011. The stock had hit a 52-week low of Rs 1102.20 on 24 November 2011.
The large-cap stock had underperformed the market over the past one month till 2 February 2012, rising 3.54% compared with the Sensex's rise of 12.33%. The scrip, also underperformed the market in past one quarter, falling 5.54% as against 0.19% decline in the Sensex.
The company has an equity capital of Rs 240.45 crore. Face value per share is Rs 10.
Oil India will declare its Q3 results on 11 February 2012. The company's net profit rose 24.3% to Rs 1138.52 crore on 37.8% rise in net sales to Rs 3270.27 crore in Q2 September 2011 over Q2 September 2010.
Oil India is a public sector oil and gas company under the administrative control of the Ministry of Petroleum and Natural Gas of the Government of India. The company is engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of liquid petroleum gas.