Indian Oil Corporation Ltd sees continued correction

Capital Market 

Indian Oil Corporation Ltd is quoting at Rs 91.4, down 2.19% on the day as on 13:19 IST on the NSE. The stock tumbled 22.48% in last one year as compared to a 16.73% rally in NIFTY and a 7.98% spurt in the Nifty Energy index.

Indian Oil Corporation Ltd dropped for a fifth straight session today. The stock is quoting at Rs 91.4, down 2.19% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.17% on the day, quoting at 14072.2. The Sensex is at 47747.55, down 1.24%.Indian Oil Corporation Ltd has lost around 0.33% in last one month.Meanwhile, Nifty Energy index of which Indian Oil Corporation Ltd is a constituent, has eased around 2.45% in last one month and is currently quoting at 16772.3, down 1.09% on the day. The volume in the stock stood at 211.83 lakh shares today, compared to the daily average of 225.71 lakh shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 91.4, down 2.35% on the day. Indian Oil Corporation Ltd tumbled 22.48% in last one year as compared to a 16.73% rally in NIFTY and a 7.98% spurt in the Nifty Energy index.

The PE of the stock is 5.29 based on TTM earnings ending September 20.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Wed, January 27 2021. 13:35 IST
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