IOC Board recommends Dividend of 55%

Indian Oil Corporation Ltd (IOC) has announced that the Board of Directors of the Company at its meeting held on May 28, 2008, inter alia, has recommended dividend @ 55%.The stock was trading at Rs.420, down by Rs.1.55 or 0.37%. The stock hit an intraday high of Rs.430 and low of Rs.415.The total traded quantity was 104903 compared to 2 week average of 204494.