Indian Oil Corp. shares down 0.67% as Nifty gains

Indian Oil Corp. shares down 0.67% as Nifty gains
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Synopsis

A total of 340,036 shares changed hands on the counter till 01:09PM (IST).

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India 10-year bond yield declined 0.40 per cent to 5.98 after trading in 5.98 -6.04 range.
NEW DELHI: Shares of Indian Oil Corporation Ltd. traded 0.67 per cent down in Tuesday's trade at 01:09PM (IST). Around 340,036 shares changed hands on the counter.

The scrip opened at Rs 120.15 and touched an intraday high and low of Rs 120.4 and Rs 118.3, respectively, in the session so far. Shares of the company of Indian Oil Corporation Ltd. quoted a 52-week high of Rs 141.75 and a 52-week low of Rs 86.7.

As per BSE, the total market cap of the Indian Oil Corporation Ltd. stood at Rs 111746.07 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 172646.31 crore for the quarter ended 30-Sep-2021, up 9.95 per cent from previous quarter's Rs 157018.41 crore and up 108.35 per cent from the year-ago quarter's Rs 82862.42 crore.

The net profit for latest quarter stood at Rs 6203.74 crore, up 2.95 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Sep-2021, DIIs held 3.92 per cent stake in the firm, while foreign institutional investors held 7.21 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 4.35 and a price-to-book ratio of 0.75. 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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