SHARE PRICE OF INDIAN OIL CORP. FALLS AS NIFTY STRENGTHENS

Shares of Indian Oil Corporation Ltd. slipped 0.97 per cent to Rs 178.3 in Tuesday's trade as of 12:22PM (IST).

The stock hit a high price of Rs 181.3 and low of Rs 178.05 during the session.

The return on equity (ROE) for the stock stood at 22.75 per cent. Traded volume on the counter stood at 12:22PM shares and turnover at Rs 8.6 crore around that time.

The stock of Indian Oil Corporation Ltd. quoted a 52-week high and 52-week low prices of Rs 196.8 and Rs 85.51, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 1.4.

Promotor/FII Holding

Promoters held 51.5 per cent stake in the company as of 30-Jun-2024, while foreign investors held 7.79 per cent and domestic institutional investors had 10.01 per cent.

Key Financials

The company reported consolidated sales of Rs 194377.56 crore for the quarter ended 30-Jun-2024, down 2.86 per cent from previous quarter's Rs 200103.28 crore and down 2.4 per cent from the year-ago quarter's Rs 199165.39 crore.

Net profit after tax for the latest quarter stood at Rs 3528.49 crore, down 75.56 per cent from the same quarter a year ago.