Indian Oil Corporation Ltd. shares up 0.49% as Nifty gains

Indian Oil Corporation Ltd. shares  up  0.49% as Nifty  gains

NEW DELHI: Shares of Ltd. traded 0.49 per cent up in Thursday’s trade at 01:26PM (IST). Around 353,103 shares changed hands on the counter.

The stock opened at Rs 92.0 and touched an intraday high and low of Rs 92.35 and Rs 91.25, respectively, in the session so far. Shares of the company of Indian Oil Corporation Ltd. quoted a 52-week high of Rs 105.0 and a 52-week low of Rs 71.15.

Total market cap of the Indian Oil Corporation Ltd. stood at Rs 86704.4 crore at the time of writing this report.

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 previous quarter’s Rs 82862.42 crore and up 19.58 per cent from the year-ago quarter’s Rs 124408.06 crore.

The net profit for latest quarter stood at Rs 4359.11 crore, up 62.42 per cent from the corresponding quarter last year.

Shareholding pattern

As of 31-Dec-2020, DIIs held 5.42 per cent stake in the company, while foreign institutional investors held 5.83 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 17.51 and a price-to-book ratio of 0.79. 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. belongs to the Oil Refining & Marketing industry.

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