As of 30-Sep-2021, promoters held 69.44 per cent stake in the company, while FIIs held 11.78 per cent and domestic institutional investors had 4.29 per cent.
A total of 47,274 shares changed hands on the counter till 02:02PM (IST).
The Relative Strength Index of the stock stood at 52.77 on Friday.
Some price targets on the stock suggested a downside.
Oil India Ltd., incorporated in the year 1959, is a Mid Cap company (having a market cap of Rs 24171.39 Crore) operating in Gas & Petroleum sector.
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Following the muted and range-bound trade, investors were on their toes. They were worried if their trading strategy should be to sell or hold Fino Payments Bank. Analysts said a flat listing was expected.
EBITDA, or earnings before interest, taxes, depreciation, and amortization, for the quarter was at Rs 109 crore, as against Rs 102.9 crore achieved during the same quarter last year, it said.
The stock quoted a 52-week high price of Rs 153.75 and low of Rs 98.1.
The IPO is valued at 42.6x FY21 earnings and 43.7x FY22 annualised earnings, which Reliance Securities said was a reasonable pricing.
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