Indian Oil Corp. shares gain 0.76% as Sensex rises
Indian Oil Corporation Ltd. traded 0.76 per cent up at Rs 170.9 at 10:39AM (IST) on Tuesday, even as BSE benchmark Sensex gained 67.91 points to 84996.52. The stock had closed at Rs 169.6 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 10:39AM (IST) stood at 10:39AM shares with turnover at Rs 2.69 crore.
At the prevailing price, shares of the company trades at 7.82 times its trailing 12-month earnings per share of Rs 21.83 per share and 1.26 times its price-to-book value, BSE 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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