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    Indian Oil Corp. stock price up 0.28 per cent as Sensex climbs

    Synopsis

    As of 31-Mar-2021, promoters held 51.5 per cent stake in the company, while FIIs held 5.81 per cent and domestic institutional investors had 4.66 per cent.

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    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.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

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