Shares of Indian Oil Corporation Ltd. were trading at ₹161.0 on the BSE at 02:08 PM (IST) on Monday, showing a decline of 2.57%. The stock had previously reached a 52-week low of ₹85.51 and a high of ₹196.8, reflecting significant price fluctuations over the year.
Earlier in the day, the stock opened at a higher price before retreating. At its current price, Indian Oil traded at 7.37 times its trailing 12-month earnings per share (EPS) of ₹21.83 and 1.26 times its book value, according to BSE data.
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By 02:08 PM (IST), a total of 429,453 shares had been exchanged on the counter. The stock commands a market capitalization of ₹2,27,281.33 crore and is a key player in the Oil Refining & Marketing sector, further highlighting its importance in the industry.
Indian Oil Corporation’s stock has outperformed the broader market, gaining 78.31% over the past year compared to a 19.82% increase in the Sensex. This indicates robust investor confidence in the company’s performance and prospects.
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Promoters held a 51.5% stake in Indian Oil as of September 30, 2024. Foreign institutional investors (FIIs) and mutual funds (MFs) owned 7.9% and 2.98% stakes, respectively, underlining the interest from large institutional investors in the company.
Indian Oil Corporation Ltd is India’s largest oil refining and marketing company, founded in 1959. It operates a vast network of refineries, pipelines, and fuel stations, supplying petroleum products across the country. The company also engages in petrochemical production and overseas ventures, contributing significantly to India’s energy security.
