Inter State Oil Carrier Ltd shares jump 1.07% as SEBI disclosure received for Sanjay Jain
Why did Inter State Oil Carrier Ltd shares jump today?
Inter State Oil Carrier Ltd shares saw a notable upward movement on Wednesday, closing at ₹58.62, which represents a gain of 1.07% for the trading session. The price was recorded at 03:30 PM. This increase in the share price is directly linked to a significant corporate disclosure made to the stock exchange.
The company informed the exchange that it had received a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. In simple terms, this regulation requires any person or entity that is acquiring a substantial number of shares in a listed company to formally inform the company and the exchange. The disclosure received by Inter State Oil Carrier Ltd pertains to an investor or entity named Sanjay Jain. Such a filing signals that Mr. Jain, or an entity associated with him, has likely crossed a significant threshold of shareholding in the company.
The market often reacts positively to such announcements as they can indicate increased interest from a major investor, which may be seen as a vote of confidence in the company's prospects. The 1.07% jump in the share price today is a typical market response to this kind of transparent and substantial acquisition-related news, as it provides an official paper trail and brings attention to a change in the company's ownership structure.
What does Inter State Oil Carrier Ltd do?
Inter State Oil Carrier Ltd, incorporated in 1951, is engaged in the road transportation of petroleum products. Its services operate across 13 states in India, specifically in the northern and eastern regions, including Uttar Pradesh, Madhya Pradesh, Bihar, and West Bengal. The company manages a fleet of more than 150 owned tank lorries and over 100 hired vehicles to conduct its transportation operations.
The company employs more than 650 people to support its business activities. It is a subsidiary of Indian Oil Corporation Ltd, with the latter holding a 54% stake in the company.
Inter State Oil Carrier Ltd Financials
In CroresInter State Oil Carrier Ltd demonstrated positive financial growth between December 2025 and March 2026. The company's revenue increased from ₹26.19 Crores to ₹30.67 Crores, reflecting a rise of approximately ₹4.48 Crores. Its profit showed an even more pronounced improvement, growing from ₹0.21 Crores to ₹1.21 Crores, which represents a significant increase of ₹1.00 Crore over the same period.
Inter State Oil Carrier Ltd Shareholding Pattern
Promoter holding stands at 45.02% of the total share capital. Foreign Institutional Investors (FIIs) hold 0.0% stake in the company, while Domestic Institutional Investors (DIIs) hold 0.4%. Public shareholders hold the remaining 54.58% stake in Inter State Oil Carrier Ltd.
Inter State Oil Carrier Ltd FAQs
Q: Why did Inter shares jump 1.07% today?
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sanjay Jain. This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of Inter State Oil Carrier Ltd?
As per the latest data, promoters hold 45.02% stake in Inter State Oil Carrier Ltd, while FII holding stands at 0.0%. Domestic institutional investors hold 0.4%, and public shareholders account for 54.58% of the equity.
Q: What is the current stock price of Inter State Oil Carrier Ltd?
Inter State Oil Carrier Ltd shares are currently trading at ₹58.62, recording a gain of 1.07% from the previous close.
Q: What is the market capitalization of Inter State Oil Carrier Ltd?
The company currently has a market capitalization of ₹29.26 crore, reflecting its valuation in the Indian equity market.