Indian Oil Corp. shares up 1.38% as Nifty drops

NEW DELHI: Shares of Indian Oil Corporation Ltd. traded 1.38 per cent up in Wednesday's trade at 10:25AM (IST). Around 277,255 shares changed hands on the counter.

The scrip opened at Rs 92.0 and touched an intraday high and low of Rs 93.1 and Rs 92.0, respectively, in the session so far. The stock of Indian Oil Corporation Ltd. quoted a 52-week high of Rs 93.1 and a 52-week low of Rs 65.2.

Total market cap of the Indian Oil Corporation Ltd. stood at Rs 131398.12 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 205087.53 crore for the quarter ended 31-Mar-2023, down 1.06 per cent from previous quarter's Rs 207288.58 crore and down 16.61 per cent from the year-ago quarter's Rs 175872.72 crore.

The net profit for latest quarter stood at Rs 10289.82 crore, up 54.83 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2023, domestic institutional investors held 2.25 per cent stake in the firm, while foreign institutional investors held 6.91 per cent and the promoters 51.5 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 13.42 and a price-to-book ratio of 0.77. 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.