Bankers have been asked to fix domestic road shows on December 18 and 19 and the divestment is likely to take place in January.
The FinMin is keen to go ahead with the stake sale despite the Oil Secretary saying he is not bullish on it . The Dubai road show got cancelled and other road shows too weren't met with a good response.
The question arising now is why the government is wanting to sell its stake at a time when there are numerous overhangs, given the high subsidy and lack of clarity on whether export parity pricing or import parity pricing will be used.
Additionally, we are going into an election year so there is the fear that the government will carry on increasing diesel prices every month.
IOC stock price
On December 13, 2013, at 11:10 hrs Indian Oil Corporation was quoting at Rs 201.45, down Rs 1.5, or 0.74 percent. The 52-week high of the share was Rs 375.00 and the 52-week low was Rs 186.20.
The company's trailing 12-month (TTM) EPS was at Rs 67.69 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 2.98. The latest book value of the company is Rs 251.75 per share. At current value, the price-to-book value of the company is 0.80.
Anda sedang membaca artikel tentang
FinMin snubs OilMin, Moily; likely to divest IOC in Jan '14
Dengan url
https://olahragakecantikan.blogspot.com/2013/12/finmin-snubs-oilmin-moily-likely-to.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
FinMin snubs OilMin, Moily; likely to divest IOC in Jan '14
namun jangan lupa untuk meletakkan link
FinMin snubs OilMin, Moily; likely to divest IOC in Jan '14
sebagai sumbernya
0 komentar:
Posting Komentar