Share price of Indian Oil Corp. jumps as Sensex gains 163.61 points

Share price of Indian Oil Corporation Ltd. gained 0.27 per cent to Rs 77.38 at 10:56AM (IST) in Thursday's trade. The stock hit a high of Rs 77.49 and low of Rs 76.94 so far during the session. The stock had closed at Rs 77.17 in the previous session.

The counter had a total traded volume of 10:56AM shares so far with a turnover of Rs 1.1 crore on BSE. The stock traded at a price-to-earnings multiple of 17.77 and a price-to-book ratio of 0.82.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The 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.

Promotor/FII Holding
Promoters held 51.5 per cent stake in the company as of 31-Dec-2022, while overseas investors and domestic institutional investors ownership stood at 7.01 per cent and 11.53 per cent, respectively.

Key Financials
The firm reported consolidated sales of Rs 233876.46 crore for the quarter ended 31-Dec-2022, up 0.03 per cent from the previous quarter's Rs 233800.98 crore and up 40.48 per cent from the year-ago quarter's Rs 166482.22 crore.

Its profit for the latest quarter stood at Rs 773.23 crore, down 87.41 per cent from the same quarter a year ago.