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    Indian Oil Corp. shares down 2.58% as Nifty drops

    Synopsis

    A total of 1,126,446 shares changed hands on the counter till 12:06PM (IST).

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    Sensex and Nifty shed more than 9 per cent last week, and the indices entered bear market territory, and the bottom is not yet in sight.

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    NEW DELHI: Shares of Indian Oil Corporation Ltd. traded 2.58 per cent down in Friday's trade at 12:06PM (IST). Around 1,126,446 shares changed hands on the counter.

    The scrip opened at Rs 102.85 and touched an intraday high and low of Rs 103.65 and Rs 100.0, respectively, in the session so far. Shares of the company of Indian Oil Corporation Ltd. quoted a 52-week high of Rs 106.55 and a 52-week low of Rs 71.15.

    Total market cap of the Indian Oil Corporation Ltd. stood at Rs 94424.01 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 firm, 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 19.07 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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