Indian Oil Corp Share Price: Indian Oil Corp. stock price down 0.49 per cent as Sensex slides

Shares of Indian Oil Corporation Ltd. fell 0.49 per cent to Rs 111.0 at 11:48AM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap down start to the session.

As per data available on BSE, total traded quantity on the counter stood at 218,502 shares with a turnover of Rs 2.43 crore till 11:48AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 4.09, while the price-to-book value ratio stood at 0.75.

Return on equity (ROE) was at 19.34 per cent, according to exchange data. The stock hit an intraday high of Rs 112.45 and a low of Rs 110.7 during the session and quoted a 52-week high price of Rs 117.85 and a 52-week low of Rs 71.35.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 1.4.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 99.91 on September 07, while the 50-DMA was at Rs 106.63. 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 below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 60.26. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 30-Jun-2021, promoters held 51.5 per cent stake in the company, while foreign institutional investors held 6.7 per cent and domestic institutional investors had 12.37 per cent.

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