Third straight session gains for Indian Oil Corporation Ltd

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Indian Oil Corporation Ltd gained for the third straight session on Monday. The stock is quoted at Rs 93.1, up 1.75% on the day as of 12:49 IST on the NSE. The Nifty is up around 0.44%, quoting at 14080.75. The Sensex is at 48002.16, up 0.28%. Indian Oil Corporation Ltd has risen around 1.53% in last one month.

Meanwhile, Nifty Energy index of which Indian Oil Corporation Ltd is a constituent and has risen around 0.48% in last one month and is currently quoting at 16976.2, up 0.62% on the day. Compared to the daily average of 242.04 lakh shares in the last one month, the volume in the stock stood at 121.28 lakh shares today.

The benchmark January futures contract for the stock is quoting at Rs 93.55, up 1.74% on the day. Indian Oil Corporation Ltd is down 25.46% in last one year as compared to a 17.41% spurt in NIFTY and an 8.54% spurt in the Nifty Energy index.

The PE of the stock is 5.19 based on TTM earnings ending September 20.