Indian Oil Corp Share Price: Indian Oil Corp. stock price up 2.66 per cent as Sensex climbs

Shares of Indian Oil Corporation Ltd. rose 2.66 per cent to Rs 121.7 at 10:15AM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 671,542 shares with a turnover of Rs 8.1 crore till 10:15AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 4.49, 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 121.9 and a low of Rs 118.65 during the session and quoted a 52-week high price of Rs 121.9 and a 52-week low of Rs 73.05.



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 101.98 on September 28, while the 50-DMA was at Rs 109.0. 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 72.49. 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 overseas investors held 6.7 per cent and domestic institutional investors had 12.37 per cent.

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