The return on equity (ROE) for the stock stood at -0.93 per cent. Traded volume on the counter stood at 11:48AM shares and turnover at Rs 3.47 crore around that time. The stock of Indian Oil Corporation Ltd. quoted a 52-week high price of Rs 105.0 and 52-week low prices of Rs 71.15, 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 31-Mar-2021, while FIIs held 5.81 per cent and domestic institutional investors had 4.66 per cent.
Key Financials
The company reported consolidated sales of Rs 148769.23 crore for the quarter ended 31-Dec-2020, up 79.54 per cent from previous quarter’s Rs 82862.42 crore and up 19.58 per cent from the year-ago quarter’s Rs 124408.06 crore. Net profit after tax for the latest quarter stood at Rs 4359.11 crore, up 62.42 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.
