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    Share price of Indian Oil Corp. falls as Nifty strengthens

    Synopsis

    A total of 501,130 shares changed hands on the counter till 01:32PM (IST).

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    India 10-year bond yield declined 0.40 per cent to 5.98 after trading in 5.98 -6.04 range.
    Shares of Indian Oil Corporation Ltd. slipped 0.89 per cent to Rs 77.8 in Friday's trade as of 01:32PM (IST).

    The stock hit a high price of Rs 78.95 and low of Rs 76.9 during the session.

    The return on equity (ROE) for the stock stood at 18.79 per cent. Traded volume on the counter stood at 01:32PM shares and turnover at Rs 3.88 crore around that time.

    The stock of Indian Oil Corporation Ltd. quoted a 52-week high and 52-week low prices of Rs 90.67 and Rs 65.2, 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 31-Dec-2022, while overseas investors held 7.01 per cent and domestic institutional investors had 11.53 per cent.

    Key Financials
    The company reported consolidated sales of Rs 233876.46 crore for the quarter ended 31-Dec-2022, up 0.03 per cent from previous quarter's Rs 233800.98 crore and up 40.48 per cent from the year-ago quarter's Rs 166482.22 crore.

    Net profit after tax for the latest quarter stood at Rs 773.23 crore, down 87.41 per cent from the same quarter a year ago.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

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