Indian Oil Corp. declines 0.43% as Sensex slides

Shares of Indian Oil Corporation Ltd. traded at Rs 79.59 on BSE at 12:58PM (IST) on Friday, down 0.43 per cent from previous close.

The scrip quoted a 52-week low price of Rs 65.2 and a high of Rs 90.67.

Earlier, the stock saw a gap up opening in the morning.

A total of 823,045 lakh shares changed hands on the counter till 12:58PM (IST).

The stock of Indian Oil Corporation Ltd. commanded a market value of Rs 112475.66 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 18.29, while the price-to-book value ratio stood at 0.82. Return on equity (ROE) was at 18.79 per cent, according to exchange data.

In the BSE500 pack, 303 stocks traded in the green, while 198 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 1.4.

Promotor/FII Holding
Promoters held 51.5 per cent in Indian Oil Corporation Ltd. as of 31-Dec-2022 while foreign and domestic institutional investors owned 7.01 per cent and 2.0 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 73.98 on March 17, while the 50-DMA was at 79.83. If a stock trades below 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 as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.