Aug. 9, 2010 -
PRLog -- History was made when IndianOil's market capitalisation breached the Rs.1,00,000 crore mark and touched Rs.1,01,513 crore today.
Echoing strong investor sentiments that were bolstered after the Government decontrolled the petrol prices and hiked the prices of Diesel, LPG & Kerosene on 25th June'10 , the share price of IndianOil rose by more than 20% in two trading sessions to Rs.418.10 per share on Bombay Stock Exchange on 28th June'10. At this price, the market capitalisation of IndianOil shares touched Rs.1,01,513 crore, breaching the magical number of Rs.1,00,000 crore for the first time in history.
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IndianOil Corporation Ltd is India's largest commercial enterprise. The IndianOil Group of companies owns and operates 10 of India's 20 refineries.
