Indian Oil Corporation Ltd. was among the companies in focus during Monday’s trading session after its quarterly profit was reported to have nearly tripled year-on-year. The development supported interest in the oil marketing company, with its shares reported to have gained around 3% during the session.
The company’s performance is being watched against the backdrop of changing crude oil prices and developments in the Middle East. Refining margins, fuel marketing conditions and international energy prices remain important factors influencing the operating environment for oil marketing companies.
The reported share movement is an intraday figure, and the final closing price may differ.
