Indian Oil shares down 2.12% in early trade

Shares of Indian OilNSE -0.96 % Corporation traded 2.12 per cent down in Thursday’s trade at 09:34 am. Around 22,39,417 shares changed hands on the counter. The stock opened at Rs 78.0 and touched an intraday high and low of Rs 78.2 and Rs 74.65, respectively, in the session so far.

Indian Oil Corp, the nation’s largest refiner, has cut capacity utilisation by 25-30 per cent at its refineries as demand for petroleum products has dramatically fallen in the wake of the coronavirus pandemic, the company said