Stocks in Indian Oil Corporation Limited (IOC) gained over 1 percent on Thursday as company is going to mull buyback of its equity shares in its board meeting scheduled for today. The company will also consider the interim dividend for shareholders. The IOC will consider and approve the buyback of its fully paid-up equity shares of face value of Rs 10 each.
The stock reacted positively with the development, as the Indian Oil Corp share price is quoting at Rs. 137.75 up 1.21 percent on the NSE, post morning hours of trade. Meantime, the NSE benchmark Nifty trade at 10796-levels up by 58 points and the Sensex quotes at 35978-levels, up by 199 points.