This decline is attributed to the weakening Nifty, a broader market index.
The share price of Indian Oil Corporation Ltd. slipped 0.09 percent to Rs 92.0 in Monday's trade as of 10:52 AM (IST).
During the session, the stock reached a high of Rs 92.83 and a low of Rs 91.92, reflecting moderate price fluctuations.
At 10:52 AM, the traded volume amounted to shares, with a turnover of Rs 1.09 crore.
The stock's return on equity (ROE) for the latest period stood at 7.0 percent
Indian Oil Corporation Ltd. had a 52-week high and low price of Rs 93.7 and Rs 65.2, respectively, highlighting its historical price range.
Assessing the stock's volatility, the Beta value stood at 1.4, indicating its sensitivity to market movements.
As of 31-Mar-2023, the company's promoters held a 51.5 percent stake, while foreign investors accounted for 6.91 percent and domestic institutional investors held 11.91 percent.
In terms of key financials, Indian Oil Corporation Ltd. reported consolidated sales of Rs 205,087.53 crore for the quarter ended 31-Mar-2023.
This figure represents a 1.06 percent decrease from the previous quarter and a 16.61 percent decrease from the year-ago quarter.
Despite the decline in sales, the company's net profit after tax for the latest quarter stood at Rs 10,289.82 crore, reflecting a significant increase of 54.83 percent compared to the same quarter of the previous year.
Indian Oil Corporation Ltd.'s share price is affected by the weakening Nifty. The stock exhibits moderate price fluctuations and has a return on equity of 7.0 percent.