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    Indian Oil Corp. stock price up 1.52 per cent as Sensex climbs

    Synopsis

    As of 30-Sep-2021, promoters held 51.5 per cent stake in the company, while FIIs held 7.21 per cent and domestic institutional investors had 3.92 per cent.

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    Retail and banking stocks rose 0.5 per cent and 0.7 per cent, respectively.
    Shares of Indian Oil Corporation Ltd. rose 1.52 per cent to Rs 130.0 at 01:16PM hours (IST) on Monday. 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 903,930 shares with a turnover of Rs 11.64 crore till 01:16PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 4.69, while the price-to-book value ratio stood at 0.75.

    Return on equity (ROE) was at 19.34 per cent, according to exchange data. The stock hit an intraday high of Rs 132.9 and a low of Rs 126.6 during the session and quoted a 52-week high price of Rs 139.0 and a 52-week low of Rs 76.2.

    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 106.35 on November 01, while the 50-DMA was at Rs 120.75. 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 56.29. 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 30-Sep-2021, promoters held 51.5 per cent stake in the company, while foreign institutional investors held 7.21 per cent and domestic institutional investors had 4.57 per cent.

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