Indian Oil Corp. shares up 3.02% as Nifty gains
Indian Oil Corporation Ltd. traded 3.02 per cent up in Thursday's trade at 10:00AM (IST). Around 1,004,354 shares changed hands on the counter.
The scrip opened at Rs 96.0 and touched an intraday high and low of Rs 98.75 and Rs 96.0, respectively, in the session so far. The stock of Indian Oil Corporation Ltd. quoted a 52-week high of Rs 98.75 and a 52-week low of Rs 65.2.
Total market cap of the Indian Oil Corporation Ltd. stood at Rs 138840.02 crore at the time of writing this report.Key Financials The company reported consolidated 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 same quarter a year ago.Shareholding pattern As of 31-Mar-2023, DIIs held 2.25 per cent stake in the firm, while foreign institutional investors held 6.91 per cent and the promoters 51.5 per cent.Valuation ratio According to BSE data, the stock traded at a P/E multiple of 14.18 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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