Indian oil corp share price: Indian Oil Corp. shares gain 0.22% as Sensex rises

Shares of Indian Oil Corporation Ltd. traded 0.22 per cent higher in Friday’s session at 12:19PM (IST). The stock opened at Rs 111.75 and has touched an intraday high and low of Rs 112.4 and Rs 111.2, 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 251,698 shares changed hands on the counter so far.

Benchmark Nifty50 was up 39.55 points at 15830.00, while the BSE Sensex traded 102.02 points higher at 52801.02 at the time of writing of this report.

In the Nifty pack, 36 stocks traded the day in the green, while 14 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 92.89 on June 25, while the 50-DMA was at Rs 103.85. 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.

Source Link