Share price of Indian Oil Corp. rises as Nifty strengthens

Share price of Indian Oil Corp. rises as Nifty strengthens

Byaea2ede5_admin

Shares of Indian Oil Corporation Ltd. gained 0.21 per cent to Rs 164.6 in Friday’s trade as of 12:58PM (IST). The stock hit a high price of Rs 164.75 and low of Rs 161.8 during the session.

The return on equity (ROE) for the stock stood at 22.75 per cent. Traded volume on the counter stood at 12:58PM shares and turnover at Rs 4.47 crore around that time. The stock of Indian Oil Corporation Ltd. quoted a 52-week high price of Rs 196.8 and 52-week low prices of Rs 85.51, 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 30-Sep-2024, while FIIs held 7.9 per cent and domestic institutional investors had 2.98 per cent.
Growfast
Key Financials
The company reported consolidated sales of Rs 194377.56 crore for the quarter ended 30-Jun-2024, down 2.86 per cent from previous quarter’s Rs 200103.28 crore and down 2.4 per cent from the year-ago quarter’s Rs 199165.39 crore. Net profit after tax for the latest quarter stood at Rs 3528.49 crore, down 75.56 per cent from the same quarter a year ago. Technicals
 The MACD signalled a bearish 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.


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