Indian Oil Corp. shares up 2.36% as Nifty gains

NEW DELHI: Shares of Indian Oil Corporation Ltd. traded 2.36 per cent up in Thursday's trade at 10:46AM (IST). Around 327,459 shares changed hands on the counter.

The scrip opened at Rs 131.8 and touched an intraday high and low of Rs 134.5 and Rs 131.05, respectively, in the session so far. The stock of Indian Oil Corporation Ltd. quoted a 52-week high of Rs 134.9 and a 52-week low of Rs 73.75.

As per BSE, the total market cap of the Indian Oil Corporation Ltd. stood at Rs 126432.15 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 157018.41 crore for the quarter ended 30-Jun-2021, up 30.35 per cent from previous quarter's Rs 120460.02 crore and up 156.57 per cent from the year-ago quarter's Rs 61198.3 crore.

The net profit for latest quarter stood at Rs 6109.69 crore, up 159.96 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Jun-2021, domestic institutional investors held 4.05 per cent stake in the company, while foreign institutional investors held 6.7 per cent and the promoters 51.5 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 4.95 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.