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Oil India lists at 8% premium
Times of India October 1, 2009

New Delhi: Shares of staterun northeast explorer Oil India Ltd settled at over 8% over their issue price on Wednesday, the day of debut on the Bombay Stock Exchange. The scrip closed at Rs 1,140, though it had opened marginally down. The stock hit an intraday high of Rs 1,156 and touched a low of Rs 1,019.
On the NSE, the scrip settled at Rs 1,135, up 7.48%. The stock during market hours climbed to a high of Rs 1,156.70 and had also slipped to a low of Rs 1,090 a share. With the debut on the stock market, Oil India has joined the club of country's top 40 companies in terms of market capitalisation, with a valuation of Rs 27,424.52 crore. In its maiden run, over 2.84 crore shares changed hands on both the bourses. The issue price for IPO of 2.64 crore shares had been fixed at Rs 1,050 per share. TNN