Indian Oil joins Rs 2-lakh crore m-cap club; stock hits fresh high

Indian Oil Corporation Limited (IOCL) has entered into the elite league of corporate entities with a market value of over Rs 2 lakh crore after the stock price of the company hit new high on the BSE.  IOCL, the oil marketing giant, with the m-cap of Rs 203,171 crore cam in at number ninth position in overall m-cap ranking, the BSE data shows. The company surpassed the fast moving consumer goods (FMCG) major Hindustan Unilever (HUL), which held m-cap of Rs 200,202 crore at 10:36 am.

IOCL stock hit a lifetime high of Rs 418, up 2.3% on the BSE, as compared to 0.16% decline in the S&P BSE Sensex. Thus far in the calendar year 2017, the stock has outperformed the market by surging 29% against 11% rise in the benchmark index. According to media reports, petrol and diesel prices in some cities will see daily change in sync with international rates.  Astrology and Numerology Trading Tips