Earlier in the day, the stock saw a gap up opening.
At the prevailing price, the stock traded at 2.69 times its trailing 12-month EPS of Rs 26.66 per share and 0.82 times its book value, as per BSE data.
A total of 311,034 shares changed hands on the counter till 11:16AM (IST). The stock commands a market value of Rs 67499.52 crore and is part of the Oil Refining & Marketing industry.
The scrip has been an underperformer , up 1.44 per cent in the past one year in comparison with a 2.85 per cent gain in Sensex.
During the day, the stock moved between Rs 71.75 and Rs 71.0.
Promoters held 51.5 per cent in the company as of 30-Jun-2022. FII and MF ownership in Indian Oil Corporation Ltd. stood at 8.19 per cent and 2.48 per cent, respectively.