Indian oil corp share price: Indian Oil Corp. shares gain 0.05% as Sensex rises

Shares of Indian Oil Corporation Ltd. traded 0.05 per cent higher in Tuesday’s session at 12:45PM (IST). The stock opened at Rs 108.75 and has touched an intraday high and low of Rs 109.4 and Rs 108.55, respectively, during the session so far.

The stock quoted a 52-week high of Rs 117.85 and a 52-week low of 71.35. About 196,140 shares changed hands on the counter so far.

Benchmark Nifty50 was up 47.45 points at 15881.80, while the BSE Sensex traded 132.53 points higher at 53012.53 at the time of writing of this report.

In the Nifty pack, 31 stocks traded the day in the green, while 19 were in the red.

Key Financials

For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 120460.02 crore, up 17.03 per cent from the previous quarter’s Rs 102928.47 crore and up 1.01 per cent from the year-ago quarter. The company reported net profit of Rs 9026.49 crore for the latest quarter.


Promoter Holdings

Promoters held 51.5 per cent stake in the company as of 31-Mar-2021, while FIIs held 5.81 per cent and MFs 4.66 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 93.8 on July 06, while the 50-DMA was at Rs 106.65. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.

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