|Bid||95.70 x 0|
|Ask||0.00 x 0|
|Day's range||95.25 - 97.35|
|52-week range||71.15 - 121.65|
|Beta (5Y monthly)||0.91|
|PE ratio (TTM)||27.85|
|Forward dividend & yield||5.25 (5.34%)|
|1y target est||163.72|
India's top refiner Indian Oil Corp has been operating at 100% capacity since early November as local fuel demand has recovered, its chairman S.M. Vaidya said. IOC has been gradually raising crude runs at its plants, which plunged to about 39% at the beginning of April when a nationwide coronavirus lockdown hit fuel demand. Along with its subsidiary Chennai Petroleum Corp, IOC controls about a third of the 5 million barrels per day (bpd) refining capacity in India, where fuel demand in October rose by 2.5%, its first year-on-year rise in eight months.
India's gasoil consumption in October rose 6.6% from a year earlier, the first such increase since COVID-19 restrictions were imposed in late March, preliminary data showed on Sunday, signalling a pick-up in industrial activity. Diesel sales by the country's three state fuel retailers totalled 6.17 million tonnes in October, according to provisional data compiled by Indian Oil Corp (IOC), the country's biggest refiner and fuel retailer. Sales of gasoil, which account for about two-fifths of India's fuel demand, rose 27.5% from September.
Indian Oil Corp Ltd, the country's top refiner, reported an eleven-fold rise in second-quarter profit on Friday that beat analysts' estimates on higher inventory gains and a jump in refinery margins. Net profit for the state-owned company rose to 62.27 billion rupees ($842.14 million) in the three months ended Sept. 30, from 5.63 billion rupees a year earlier. Analysts on average had expected a profit of 28.20 billion rupees, according to Refinitiv data.