Shares of Indian Oil Corporation gained 3 percent intraday on Wednesday as investors cheered the company’s stellar financial results for the December quarter.
The oil marketing company’s third quarter earnings beat analyst expectations on Monday as standalone profit during the quarter more than doubled to Rs 7,883 crore, from Rs 3,696.3 crore in previous quarter.
The bottomline was far ahead of CNBC-TV18 poll of Rs 5,222 crore for the quarter.
The oil marketing company’s third quarter earnings beat analyst expectations on Monday as standalone profit during the quarter more than doubled to Rs 7,883 crore, from Rs 3,696.3 crore in previous quarter.
The bottomline was far ahead of CNBC-TV18 poll of Rs 5,222 crore for the quarter.
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