Indian Oil Corporation shares drop as Nifty Drops
Indian Oil Corporation Ltd. belongs to the Oil Refining & Marketing industry.
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. PricePrice-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./ET
Read Also : GAIL organized 'Kanthasth 2.0' Hindi workshopNews Must Read
- REC Ltd received NOC to set up wholly owned subsidiary in Gift City, Gujarat
- Atanu Chakraborty Reappointed as part-time Chairman of HDFC Bank
- MRPL Q4 Results: Net profit slips 40%, Annual Gains Strong
- DMRC Celebrates 30th Foundation Day at Bharat Mandapam
- Sushil Sharma assumes additional charge of CMD, and Director (Personnel) of SJVN Limited
- Coal India Limited Board recommends final dividend, here to know
- Dr. Subhransu Sekhar Acharya assumes charge of NSIC CMD
- CIL reports mixed bag of results for Q4 of FY23-24
- NMDC's Promising Start to FY25, Targets 50 Million Tonnes
- RITES to take assessment for Vande Bharat Trains