Indian Oil Corp. share price down 0.01 per cent

Shares of Indian Oil Corporation Ltd. traded 0.01 per cent up at Rs 77.8 at around 01:22PM (IST) on Tuesday. The stock had closed at Rs 77.81 in the previous session. Equity benchmark Sensex traded 141.19 points higher at 59987.7 around the same time.


The scrip has declined 9.4 per cent in the last one year till date, while the 30-share index has gained 1.61 per cent during the same period.

The stock's 52-week high price stood at Rs 90.67 and the 52-week low price at Rs 65.2.

Trading volume on the counter stood at 309,177 shares, while it quoted a price-to-earnings ratio of 17.87, an EPS value of 4.35 and a price-to-book value of 0.82. In the Nifty50 pack, 0 stocks traded in the green, while 0 stocks were in the red.

Promoter/FII Holding
Promoters held 51.5 per cent stake in the company as of 31-Dec-2022, while foreign institutional investors and MF ownership stood at 7.01 per cent and 2.0 per cent, respectively.

Key Financials
For the quarter ended 31-Dec-2022, the company reported consolidated sales of Rs 233876.46 crore, up 0.03 per cent from the previous quarter's Rs 233800.98 crore and up 40.48 per cent from the year-ago quarter's Rs 166482.22 crore. The company reported net profit of Rs 773.23 crore for the latest quarter.

Technical Indicators
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 top of 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.