Share price of Indian Oil Corporation Ltd. gained 1.23 per cent to Rs 80.34 at 10:00AM (IST) in Monday’s trade. The counter hit a high of Rs 80.4 and low of Rs 78.83 so far during the session. The stock had closed at Rs 79.36 in the previous session.
The counter had a total traded volume of 10:00AM shares so far with a turnover of Rs 3.37 crore on BSE. The stock traded at a price-to-earnings multiple of 18.39 and a price-to-book ratio of 0.82.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
