Indian Oil Corp. shares up 1.64% as Nifty gains

Indian Oil Corp. shares up 1.64% as Nifty gains
ETMarkets.com
Share
Font Size
Save
Comment
Synopsis

A total of 478,034 shares changed hands on the counter till 10:56AM (IST).

Shutterstock.com
India is hardly immune to the global trend of sliding fees and trading commissions.

INSIGHTS

Read Stock Insights by ET for a quick analysis

Explore Now
NEW DELHI: Shares of Indian Oil Corporation Ltd. traded 1.64 per cent up in Wednesday's trade at 10:56AM (IST). Around 478,034 shares changed hands on the counter.

The counter opened at Rs 92.2 and touched an intraday high and low of Rs 93.5 and Rs 92.05, 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 87269.25 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-Mar-2021, domestic institutional investors held 4.66 per cent stake in the company, while foreign institutional investors held 5.81 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 17.62 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.

Read More News on

(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

ETPrime stories of the day

Read before you invest. Insights on Indian Oil Corporation Ltd.. Explore Now