Friday, April 4, 2008

IOC Speeds Up

Meanwhile, the BSE Sensex was down 181.45 points, or 1.15%, to 15,651.10.

On BSE, 18,310 shares were traded in the counter. The scrip had an average daily volume of 2.43 lakh shares in the past one quarter.

The stock hit a high of Rs 465 and a low of Rs 460.55 so far during the day. The stock had a 52-week high of Rs 809.90 on 31 December 2007 and a 52-week low of Rs 355 on 22 January 2008.

The large-cap scrip had underperformed the market over the past one month till 3 April 2008, declining 12.45% compared to the Sensex’s fall of 4.29%. It had also underperformed the market in the past one quarter, declining 41.07% compared to Sensex’s decline of 23.47%.

The company’s current equity is Rs 1192.37 crore. Face value per share is Rs 10.

The current price of Rs 462.90 discounts its Q3 December 2007 annualized EPS of Rs 70.14, by a PE multiple of 6.60.

Indian Oil Corporation (IOC)’s net profit rose 16.7% to Rs 2090.69 on 15.1% growth in net sales to Rs 64,058.53 crore in Q3 December 2007 over Q3 December 2006.

IOC manufactures and markets petroleum products, crude oil, lubricants and grease, oil base and additives and other petroleum related products.

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