Oil India shares surged on 26th June stock market

Oil India shares surged on 26th June stock market

Oil India shares surged on 26th June stock market

New Delhi: To begin with, the shares of Oil India witnessed a profitable trade in the session today. The share price of the company rose by 3.73% in intraday trade. Nearly, 1,76,893 shares have exchanged hands on the counter.

Initially, the stock started at Rs. 95.00 and attained an intraday trade high of Rs. 96.00. As well as it reached an intraday trade low of Rs. 92.90 per equity share as of yet. However, the shares of the company quoted a 52-week highest value of Rs. 181.60. It also quoted a 52-week lowest value of Rs. 66.00 in the trade so far.

According to the records, the total market capitalization of the company reached Rs. 10,291.01 crores till now.

Besides, as of March 2020, the promoters of the company held 56.66% from its stake. Likewise, the FIIs held a 6.58% stake and DIIs held a 6.02% stake. Moreover, as per the sources, the company shares traded at a price-to-earnings multiple of 4.79. So then, the price-to-book ratio stood at 0.36.

Stock Market Update: 

Stock Market June 26th: On Friday, both Sensex and Nifty seem to trade in a bullish trend at the stock market. The Sensex is trading up with 35,036.07 levels and Nifty stood trading up with 10,339.40 levels. The Sensex gained 181.01 points with a 0.51% rise. So then, Nifty has gained 50.25 points with a 0.52% rise.

On the other hand, the number of confirmed COVID-19 cases in India reached 4,90,401 as of June 26th, and deaths reached 15,301.

In the border market, the S&P BSE Midcap index reported a bullish trend in the stock market today. It gained 86.86 points with a 0.66% rise and reached a 13,311.61 level. The S&P BSE Smallcap index gained 73.30 points with a 0.58% increase and reached a 12,680.86 level. So then, Nifty Bank gained 9.30 points with a 0.041% rise and reached 21,515.55 level. 

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