Indian Oil Corp. shares down 2.42% as Nifty falls
Indian Oil Corporation Ltd. rose 2.42 per cent to Rs 169.05 in Wednesday's trade. It hit an intraday high of Rs 173.45 and low of Rs 167.7, respectively, during the day.
The stock quoted a 52-week high price of Rs 196.8 and low of Rs 75.77.
As of 01:39PM (IST), the counter saw total traded volume of 2,149,335 shares with a traded value of Rs 36.53 crore, according to NSE.
The stock had closed at Rs 173.25 in the previous session.
The scrip has advanced 17.52 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -0.01 per cent during the same period.
According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 5.08 while price-to-book ratio stood at 0.77. 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 31-Dec-2023, while FII and MF ownership in the firm stood at 8.85 per cent and 1.75 per cent, respectively.
Key Financials The company reported consolidated sales of Rs 201173.88 crore for the quarter ended 31-Dec-2023, up 11.92 per cent from the previous quarter's Rs 179752.15 crore and up 2.95 per cent from the year-ago quarter's Rs 207288.58 crore. Its net
