Share price of Indian Oil Corp. falls as Sensex gains 141.78 points

Share price of Indian Oil Corporation Ltd. dropped 0.81 per cent to Rs 73.8 at 02:00PM (IST) in Tuesday's trade. The scrip hit a high of Rs 74.75 and low of Rs 73.5 so far during the session. The stock had closed at Rs 74.4 in the previous session.

The counter had a total traded volume of 02:00PM shares so far with a turnover of Rs 6.03 crore on BSE. The stock traded at a price-to-earnings multiple of 4.15 and a price-to-book ratio of 0.82.

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 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-Mar-2022, while FIIs and domestic institutional investors ownership stood at 16.77 per cent and 2.91 per cent, respectively.

Key Financials
The firm reported consolidated sales of Rs 175872.72 crore for the quarter ended 31-Mar-2022, up 5.64 per cent from the previous quarter's Rs 166482.22 crore and up 46.0 per cent from the year-ago quarter's Rs 120460.02 crore.

Its profit for the latest quarter stood at Rs 6645.72 crore, down 26.38 per cent from the same quarter a year ago.