Share price of Indian Oil Corp. jumps as Sensex gains 496.54 points

economictimes.indiatimes.com:

Indian Oil Corporation Ltd. gained 2.73 per cent to Rs 176.25 at 10:20AM (IST) in Monday's trade. The counter has hit a high of Rs 177.2 and low of Rs 172.3 so far during the session. The stock had closed at Rs 171.55 in the previous session.
The counter has had a total traded volume of 1352524 shares so far with a value of Rs 23.64 crore on the NSE. It traded at a price-to-earnings multiple of 5.13 and a price-to-book ratio of 0.77.

A higher price-to-earnings ratio shows 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 reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 116.6 per cent during the past one year, while the 30-share index advanced 24.02 per cent during the same period.
Indian Oil Corporation Ltd. belongs to the Oil Refining & Marketing industry.
Promotor/FII Holding Promoters held 51.5 per cent stake in the company as of 31-Mar-2024, while FIIs and domestic institutional investors ownership stood at 8.5 per cent and 2.34 per cent, respectively.
Key Financials The firm reported consolidated net 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.
Profit for the latest quarter stood at Rs 9029.56 crore, up 1067.77 per cent from the same quarter a year ago.