Indian Oil Corp. stock price up 1.21 per cent as Sensex climbs
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Synopsis
As of 31-Mar-2024, promoters held 51.5 per cent stake in the company, while FIIs held 8.5 per cent and domestic institutional investors had 2.34 per cent.
By ETMarkets.com
Shares of Indian Oil Corporation Ltd. rose 1.21 per cent to Rs 171.15 at 11:01AM hours (IST) on Friday. Earlier in the day, the stock saw a gap up start to the session.
Return on equity (ROE) was at 22.75 per cent, according to exchange data. The stock hit an intraday high of Rs 172.0 and a low of Rs 169.1 during the session and quoted a 52-week high price of Rs 196.8 and a 52-week low of Rs 85.51.
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 136.61 on June 14, while the 50-DMA was at Rs 166.7. 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 56.25. 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-2024, promoters held 51.5 per cent stake in the company, while overseas investors held 8.49 per cent and domestic institutional investors had 10.23 per cent.
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As per data available on BSE, total traded quantity on the counter stood at 1,542,123 shares with a turnover of Rs 26.36 crore till 11:01AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 5.74, while the price-to-book value ratio stood at 1.26. Return on equity (ROE) was at 22.75 per cent, according to exchange data. The stock hit an intraday high of Rs 172.0 and a low of Rs 169.1 during the session and quoted a 52-week high price of Rs 196.8 and a 52-week low of Rs 85.51.
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 136.61 on June 14, while the 50-DMA was at Rs 166.7. 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.
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The Relative Strength Index (RSI) of the stood at 56.25. 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.
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Promoter holding
As of 31-Mar-2024, promoters held 51.5 per cent stake in the company, while overseas investors held 8.49 per cent and domestic institutional investors had 10.23 per cent.
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