Indian Oil share rises 2% after firm logs highest ever profit
Indian Oil share rises 2% after firm logs highest ever profit For FY21, revenue from operations declined 9.6 per cent to Rs 520,236.84 crore as against Rs 575,989.70 in the fiscal year 2020 BusinessToday.In | May 20, 2021 | Updated 14:20 IST Representative Image Indian Oil Corporation rose 2.5 per cent to hit a fresh 52-week high of Rs 109.90 after the company reported a record consolidated net profit of Rs 21,762.22 crore for the fiscal year 2021 against a net loss of Rs 1,876.32 crore in FY20. This is the highest annual profit ever reported by the firm. However, the stock shed all early g...
Source: businesstoday.in