Indian Oil Corporation (IOCL) was quoted at Rs 77.65 on the NSE, up 1.17%. For 2021, the stock fell 2.97%, the Nifty soared 5.53%, and the Nifty Auto Index soared 12.67%.

• NTPC Green Energy Adds 50 MW Solar Power in Rajasthan
• Coffee Day Enterprises Settles Rs 25 Cr Loan With Kemfin
• GST Collections Rise 14.7% to Rs 2.04 Lakh Crore in September
• GPT Infraprojects Bags Rs 385 Cr South Africa Rail Order
• Cabinet Backs Rs 1.86 Lakh Cr Plan for Green Power Grid

On December 9, 2022, the IOCL rose for the third consecutive session. The stock was quoted at Rs 77.65, up 1.17% on the day. The benchmark NIFTY was down about 0.7% at 18,479.5. The Sensex was at 62,113.63, down 0.73%. Indian Oil Ltd gained around 11.57% on November 22. Meanwhile, the Nifty Auto Index, to which Indian Oil Ltd belongs, gained about 1.18% on November 22 and is now quoting at 26,643.2, down 0.92%. Volume on December 9 was 164.64 lakh shares, compared with the November 22 daily average of 148.31 lakh shares. The stock’s benchmark December futures contract rose 1.16%. The company’s shares fell 2.97% in 2021, while the Nifty surged 5.53% and the Nifty Auto index soared 12.67%.

As of September 2022, the stock has a PE of 11.27 based on TTM earnings.