Nov 25, 2013, 05.56 PM IST
The Dubai leg of the road show was cancelled while investors in Hong Kong and Singapore have questioned the timing of the divestment given the IOC stock is languishing near its life-time lows.
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Govt pushes for IOC divestment despite poor response
The Dubai leg of the road show was cancelled while investors in Hong Kong and Singapore have questioned the timing of the divestment given the IOC stock is languishing near its life-time lows.
Like this story, share it with millions of investors on M3
Govt pushes for IOC divestment despite poor response
The Dubai leg of the road show was cancelled while investors in Hong Kong and Singapore have questioned the timing of the divestment given the IOC stock is languishing near its life-time lows.
Also read: IOC asks govt to compensate for interest on borrowings
The Dubai leg of the road show was cancelled while investors in Hong Kong and Singapore have questioned the timing of the divestment given the IOC stock is languishing near its life-time lows.
The other high profile divestment has been the 5 percent stake sale of Coal India which is likely to fetch the government USD 1.5 billion.
IOC stock price
On November 25, 2013, Indian Oil Corporation closed at Rs 205.75, up Rs 5.05, or 2.52 percent. The 52-week high of the share was Rs 375.00 and the 52-week low was Rs 186.20.
The company's trailing 12-month (TTM) EPS was at Rs 67.69 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 3.04. The latest book value of the company is Rs 251.75 per share. At current value, the price-to-book value of the company is 0.82.
Action in Indian Oil Corporation
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