Indian Oil Corp Share Price: Indian Oil Corp. shares gain 3.56% as Sensex falls

Shares of Indian Oil Corporation Ltd. traded 3.56 per cent higher in Thursday’s session at 10:00AM (IST). The stock opened at Rs 131.7 and has touched an intraday high and low of Rs 135.4 and Rs 131.7, respectively, during the session so far.

The stock quoted a 52-week high of Rs 139.0 and a 52-week low of 75.0. About 452,098 shares changed hands on the counter so far.

Benchmark Nifty50 was up 9.55 points at 18276.15, while the BSE Sensex traded 18.16 points lower at 61241.8 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 30-Jun-2021, the company reported consolidated sales of Rs 157018.41 crore, up 30.35 per cent from the previous quarter’s Rs 120460.02 crore and up 156.57 per cent from the year-ago quarter. The company reported net profit of Rs 6109.69 crore for the latest quarter.


Promoter Holdings

Promoters held 51.5 per cent stake in the company as of 30-Sep-2021, while FIIs held 7.21 per cent and MFs 3.92 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 105.08 on October 21, while the 50-DMA was at Rs 117.3. 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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