Share price of Indian Oil Corp. rises as Nifty strengthens

Shares of Indian Oil Corporation Ltd. gained 2.22 per cent to Rs 96.8 in Monday's trade as of 10:26AM (IST).

The stock hit a high price of Rs 97.25 and low of Rs 95.0 during the session.

The return on equity (ROE) for the stock stood at -0.93 per cent. Traded volume on the counter stood at 10:26AM shares and turnover at Rs 11.72 crore around that time.

The stock of Indian Oil Corporation Ltd. quoted a 52-week high and 52-week low prices of Rs 105.0 and Rs 71.15, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 1.4.

Promotor/FII Holding
Promoters held 51.5 per cent stake in the company as of 31-Mar-2021, while foreign investors held 5.81 per cent and domestic institutional investors had 12.98 per cent.

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.

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