Indian Oil Corp. shares drop 0.75% as Sensex rises
Indian Oil Corporation Ltd. traded 0.75 per cent down at Rs 170.5 at 01:08PM (IST) on Tuesday, even as BSE benchmark Sensex gained 130.01 points to 83118.79. The stock had closed at Rs 171.8 in the previous session.
The stock quoted a 52-week high and 52-week low of Rs 196.8 and Rs 85.51, respectively.
As per BSE data, total traded volume on the counter till 01:08PM (IST) stood at 01:08PM shares with turnover at Rs 2.94 crore.
At the prevailing price, shares of the company trades at 7.8 times its trailing 12-month earnings per share of Rs 21.83 per share and 1.26 times its price-to-book value, the exchange data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
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