Indian Oil Corp Share Price: Indian Oil Corp. shares up 1.42% as Nifty gains

Shares of Indian Oil Corporation Ltd. rose 1.42 per cent to Rs 107.45 in Monday’s trade. It hit an intraday high of Rs 107.85 and low of Rs 106.05, respectively, during the day.

The stock quoted a 52-week high price of Rs 117.85 and low of Rs 71.35.

As of 01:45PM (IST), the counter saw total traded volume of 804,769 shares with a traded value of Rs 8.6 crore, according to NSE.

The stock had closed at Rs 105.95 in the previous session.

The scrip has advanced 4.07 per cent in the past one month till date, while the benchmark BSE Sensex has gained 6.99 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 3.96 while price-to-book ratio stood at 0.75. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Oil Refining & Marketing industry.

Promoter/FII Holding
Promoters held 51.5 per cent stake in the company as of 30-Jun-2021, while FII and MF ownership in the firm stood at 6.7 per cent and 4.05 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 157018.41 crore for the quarter ended 30-Jun-2021, up 30.35 per cent from the previous quarter’s Rs 120460.02 crore and up 156.57 per cent from the year-ago quarter’s Rs 61198.3 crore. Its net profit for the latest quarter stood at Rs 6109.69 crore, up 159.96 per cent from the same quarter a year ago.

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