IOC has announced that it has reduced Petrol prices by 58p/L and Diesel prices by 25p/L with effect from midnight.
The price of petrol in Delhi will become Rs. 60.48 a litre, while diesel will be Rs. 46.55 a litre, Indian Oil Corporation said.
The current International product prices of Petrol & Diesel warrant a decrease in prices, says IOC.
Indian Oil Corporation Ltd ended at Rs. 420.85, up by Rs. 1.45 or 0.35% from its previous closing of Rs. 419.4 on the BSE.
The scrip opened at Rs. 419.5 and touched a high and low of Rs. 424.7 and Rs. 419.45 respectively. A total of 1568856(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 102180.28 crore.
The BSE group 'A' stock of face value Rs. 10 touched a 52 week high of Rs. 465.4 on 24-Jul-2015 and a 52 week low of Rs. 307 on 13-Feb-2015. Last one week high and low of the scrip stood at Rs. 427.7 and Rs. 409.05 respectively.
The promoters holding in the company stood at 58.57 % while Institutions and Non-Institutions held 16.88 % and 24.54 % respectively.
The stock traded below its 100 DMA.