Indian oil corp share price: Indian Oil Corp. stock price up 0.28 per cent as Sensex climbs

Shares of Indian Oil Corporation Ltd. rose 0.28 per cent to Rs 88.1 at 11:56AM hours (IST) on Thursday. Earlier in the day, the stock saw a gap down start to the session.

As per data available on BSE, total traded quantity on the counter stood at 1,002,535 shares with a turnover of Rs 8.81 crore till 11:56AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 16.69, while the price-to-book value ratio stood at 0.79.

Return on equity (ROE) was at -0.93 per cent, according to exchange data. The stock hit an intraday high of Rs 88.3 and a low of Rs 87.25 during the session and quoted a 52-week high price of Rs 105.0 and a 52-week low of Rs 71.15.

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 88.91 on April 22, while the 50-DMA was at Rs 96.01. 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 37.41. 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 31-Mar-2021, promoters held 51.5 per cent stake in the company, while overseas investors held 5.81 per cent and domestic institutional investors had 12.98 per cent.

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