Oil India bucks trend after board approves buyback


Oil India bucks trend after board approves buyback

Oil India rose 0.82% to Rs 202.70 at 13:48 IST on BSE after the company said its board approved the proposal to buyback 5.04 crore shares at Rs 215 each.

The announcement was made after market hours yesterday, 19 November 2018. Meanwhile, the S&P BSE Sensex was down 198.99 points, or 0.56% to 35,575.89.

On the BSE, 1.38 lakh shares were traded in the counter so far compared with average daily volumes of 59,000 shares in the past two weeks. The stock had hit a high of Rs 204.45 and a low of Rs 200.05 so far during the day.

The stock hit a 52-week high of Rs 259.36 on 12 January 2018. The stock hit a 52-week low of Rs 180.15 on 5 October 2018. Read More

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