Indian Oil Corp. shares up 0.21% as Nifty drops
Indian Oil Corporation Ltd. traded 0.21 per cent up in Friday's trade at 02:10PM (IST). Around 649,654 shares changed hands on the counter.
The counter opened at Rs 96.45 and touched an intraday high and low of Rs 96.62 and Rs 95.44, respectively, in the session so far. Shares of the company of Indian Oil Corporation Ltd. quoted a 52-week high of Rs 101.44 and a 52-week low of Rs 65.2.
As per BSE, the total market cap of the Indian Oil Corporation Ltd. stood at Rs 139221.29 crore at the time of writing this report.Key Financials The company reported consolidated net sales of Rs 205087.53 crore for the quarter ended 31-Mar-2023, down 1.06 per cent from previous quarter's Rs 207288.58 crore and down 16.61 per cent from the year-ago quarter's Rs 175872.72 crore. The net profit for latest quarter stood at Rs 10289.82 crore, up 54.83 per cent from the corresponding quarter last year.Shareholding pattern As of 30-Jun-2023, DIIs held 2.2 per cent stake in the company, while foreign institutional investors held 7.56 per cent and the promoters 51.5 per cent.Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 14.22 and a price-to-book ratio of 0.77.
A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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. Indian Oil Corporation Ltd.
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