Share price of Indian Oil Corp. jumps as Sensex drops 84.96 points

Share price of Indian Oil Corporation Ltd. gained 0.14 per cent to Rs 105.7 at 01:26PM (IST) in Wednesday’s trade. The counter hit a high of Rs 106.8 and low of Rs 104.15 so far during the session. The stock had closed at Rs 105.55 in the previous session.

The counter had a total traded volume of 01:26PM shares so far with a turnover of Rs 15.99 crore on BSE. The stock traded at a price-to-earnings multiple of 20.1 and a price-to-book ratio of 0.79.

A higher P/E 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 is the measure of the price that investors are ready to pay even for no growth in the business.

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-2021, while overseas investors and domestic institutional investors ownership stood at 5.81 per cent and 12.98 per cent, respectively.

Key Financials

The company reported consolidated sales of Rs 148769.23 crore for the quarter ended 31-Dec-2020, up 79.54 per cent from the previous quarter’s Rs 82862.42 crore and up 19.58 per cent from the year-ago quarter’s Rs 124408.06 crore.

Its profit for the latest quarter stood at Rs 4359.11 crore, up 62.42 per cent from the same quarter a year ago.

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