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By Malvika Gurung
Investing.com — The state-owned oil firm Indian Oil (NS:) Company has introduced that its board will meet subsequent week on Could 17 and think about the problem of bonus shares, amongst different issues.
On Thursday, the corporate knowledgeable the in an change submitting that its Board of Administrators will meet on Could 17, 2022, to:
- think about and approve the earnings results of the March-ending quarter and the monetary yr 2021-22,
- declare the ultimate dividend for FY22, and
- think about the problem of bonus shares to current shareholders.
The oil firm’s scrip has risen about 6% to this point within the calendar yr, in comparison with the headline index , which has declined 10% within the interval. In a yr, IOC’s shares have surged over 16%.
Shares of the corporate defied the market temper on Thursday, ending 1.37% larger at Rs 122.1 apiece, whereas benchmark fairness indices and Sensex tumbled 2.22% and a couple of.14%, respectively.
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