The return on equity (ROE) for the stock stood at 19.34 per cent. Traded volume on the counter stood at 10:25AM shares and turnover at Rs 2.08 crore around that time. The stock of Indian Oil Corporation Ltd. quoted a 52-week high price of Rs 117.85 and 52-week low prices of Rs 71.35, respectively.
The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 1.4.
Promotor/FII Holding
Promoters held 51.5 per cent stake in the company as of 30-Jun-2021, while FIIs held 6.7 per cent and domestic institutional investors had 4.05 per cent.
Key Financials
The company reported consolidated sales of Rs 157018.41 crore for the quarter ended 30-Jun-2021, up 30.35 per cent from previous quarter’s Rs 120460.02 crore and up 156.57 per cent from the year-ago quarter’s Rs 61198.3 crore. Net profit after tax for the latest quarter stood at Rs 6109.69 crore, up 159.96 per cent from the same quarter a year ago.
Technicals
The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.
It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
