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As of 31-Mar-2022, promoters held 39.99 per cent stake in the company, while FIIs held 34.31 per cent and domestic institutional investors had 4.19 per cent.

On the technical charts, the RSI of the stock stood at 42.57.

At 9.37 am, the BSE Sensex was trading 354 points or 0.68 per cent higher at 52,176. Nifty50 was trading at 15,536, up 123 points or 0.80 per cent. Midcap and smallcap indices gained up to 0.8 per cent. Powell said the US Fed is not trying to engineer a recession to stop inflation but is fully committed to bringing prices under control even if doing so risks an economic downturn.

"There are limited energy stocks in India. India has generally been an importer of energy and to that extent, the fortunes of the energy companies depend on how well they can go ahead and price products at market levels. We have generally avoided energy and commodity businesses, as they are cyclical and they could come under pressure if the fears of a global recession grows."

“These are crucial to enable handling of large volumes as fewer docks in smaller hubs choke parcels’ express movements during peak hours. The management aims to handle volumes more than the industry average,” the brokerage said on Wednesday.

“Oil prices have been very high so far and we have done that without Chinese demand. For most of the first half of the year, China has pretty much been struggling with these lockdown issues. So as China comes back with the government pushing for economic growth, then we are heading for higher oil prices.”

The most-traded July copper contract in Shanghai slipped 2.9% to 66,030 yuan ($9,848.02) a tonne by the midday break, hitting its lowest since late-August.

Indian Oil Corporation Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 100119.58 Crore) operating in Gas & Petroleum sector.

"The Indian Rupee opened stronger against the dollar this Thursday morning, tracking a further pullback in crude oil prices," said Sriram Iyer, Senior Research Analyst at Reliance Securities.

A total of 326,989 shares changed hands on the counter till 10:30AM (IST)