Share price of Indian Oil Corp. jumps as Sensex drops 84.96 points
Share price of Indian Oil Corporation Ltd. gained 0.14 per cent to Rs 105.7 at 01:26PM (IST) in Wednesday’s trade. The counter hit a high of Rs 106.8 and low of Rs 104.15 so far during the session. The stock had closed at Rs 105.55 in the previous session.
The counter had a total traded volume of 01:26PM shares so far with a turnover of Rs 15.99 crore on BSE. The stock traded at a price-to-earnings multiple of 20.1 and a price-to-book ratio of 0.79.
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.
