Share price of Indian Oil Corp. falls as Sensex drops 574.59 points

The share price of Indian Oil Corporation Ltd. dropped 1.04 per cent to Rs 171.0 at 01:03PM (IST) in Friday's trade. The stock has hit a high of Rs 173.45 and low of Rs 170.7 so far during the session. The stock had closed at Rs 172.8 in the previous session.

The counter has had a total traded volume of 605020 shares so far with a value of Rs 10.41 crore on the NSE. It traded at a price-to-earnings multiple of 5.21 and a price-to-book ratio of 0.77.

A higher price-to-earnings 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 reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 119.32 per cent during the past one year, while the 30-share index advanced 24.45 per cent during the same period.

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-2023, while FIIs and domestic institutional investors ownership stood at 8.85 per cent and 1.75 per cent, respectively.

Key Financials
The company reported consolidated net sales of Rs 201173.88 crore for the quarter ended 31-Dec-2023, up 11.92 per cent from the previous quarter's Rs 179752.15 crore and up 2.95 per cent from the year-ago quarter's Rs 207288.58 crore.

Profit for the latest quarter stood at Rs 9029.56 crore, up 1067.77 per cent from the same quarter a year ago.