Trending stocks: Indian Oil Corporation shares gain over 1%

NEW DELHI: Shares of Indian Oil Corporation Ltd. traded 1.04 per cent up in Thursday's trade at 11:01AM (IST). Around 218,096 shares changed hands on the counter.

The scrip opened at Rs 87.4 and touched an intraday high and low of Rs 88.45 and Rs 87.3, respectively, in the session so far. The stock of Indian Oil Corporation Ltd. quoted a 52-week high of Rs 156.0 and a 52-week low of Rs 71.15.

Total market cap of the Indian Oil Corporation Ltd. stood at Rs 82468.03 crore at the time of writing this report.

Indian Oil Corporation, the nation's biggest oil firm, said with easing of lockdown restrictions, it has resumed work on projects worth Rs 1.04 lakh crore which will help address future energy demand as well as kickstart the economy.


Key Financials
The company reported consolidated sales of Rs 118007.32 crore for the quarter ended 31-Mar-2020, down 4.78 per cent from previous quarter's Rs 123929.51 crore and down 6.39 per cent from the year-ago quarter's Rs 126068.23 crore.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 6.06 per cent stake in the firm, while foreign institutional investors held 7.19 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 -92.33 and a price-to-book ratio of 0.84. 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.