Nagarjuna Oil Refinery hits 20% upper circuit

Indian Oil Corp. (IOC) is looking at acquiring equity stake in Nagarjuna Groups six million tonnes a year Cuddalore refinery., says report.

Apr 07, 2016 03:04 IST India Infoline News Service

Oil refinery
Nagarjuna Oil Refinery Ltd stock has hit 20% upper circuit at Rs.4.50. Indian Oil Corp. (IOC) is looking at acquiring equity stake in Nagarjuna Groups six million tonnes a year Cuddalore refinery., says report.

The scrip opened at Rs. 3.76 and touched a high and low of Rs. 4.5 and Rs. 3.71 respectively. A total of 3520714(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 160.58 crore.

The BSE group 'B' stock of face value Rs. 1 touched a 52 week high of Rs. 6.55 on 25-Jun-2015 and a 52 week low of Rs. 3.58 on 21-Mar-2016. Last one week high and low of the scrip stood at Rs. 3.87 and Rs. 3.7 respectively.

The promoters holding in the company stood at 40.1 % while Institutions and Non-Institutions held 1.99 % and 57.91 % respectively.

The stock traded above its 200 DMA.

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