Indian Oil Corp. stock price: Indian Oil Corp. stock price rises as Nifty strengthens


The shares of Indian Oil Corporation Ltd. gained 0.57 percent to Rs 88.75 in Tuesday trading at 11:48 am (IST). The stock reached a high price of Rs 88.9 and a low of Rs 88.0 during the session.

The stock’s return on equity (ROE) was -0.93 percent. The volume traded over the counter stood at 11:48 a.m. shares and turnover at Rs 3.47 crore at that time. The shares of Indian Oil Corporation Ltd. listed a 52-week high price of Rs 105.0 and a 52-week low price of Rs 71.15, respectively.

The stock’s beta value, which measures its volatility relative to the overall market, stood at 1.4.

Promoter / FII Holding

Promoters held 51.5% of the company’s capital as of March 31, 2021, while FIIs held 5.81% and domestic institutional investors 4.66%.

Key financial data

The company reported consolidated sales of Rs 148,769.23 crore for the quarter ended December 31, 2020, up 79.54% from Rs 82,862.42 crore in the previous quarter and 19.58% from the previous quarter. Rs 124,408.06 from the previous quarter. Net profit after tax for the last quarter stood at Rs 4,359.11 crore, up 62.42 percent from the same quarter a year ago.


Techniques
The MACD signaled a bullish bias on the meter. The MACD is known to signal trend reversals in the securities or indices being traded.

This is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called a signal line, is plotted above the MACD to reflect opportunities to “buy” or “sell”. 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.


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