Indian Oil Corp. Stock Price: Indian Oil Corp. shares. fall by 0.94% as Sensex fall

The shares of Indian Oil Corporation Ltd. fell 0.94% to Rs 111.2 in Wednesday’s 12:43 am (IST) session, even as the benchmark Sensex shares traded 45.35 points lower at 57,852.13.

Earlier today, the action got off to a start. The stock listed a 52-week high of Rs 141.75 and a 52-week low of Rs 86.7 on NSE. About 229,421 shares changed hands on the counter until 12:43 p.m. (IST).

The action opened at Rs 112.25 and hit an intraday high and low of Rs 112.5 and Rs 111.05 during the session so far. The meter cited a price-to-earnings (PE) ratio of 4.07, an earnings per share (EPS) of Rs 27.3 and a price-to-book (PB) of 0.75, while return on equity (ROE) amounted to Rs 19.34.

Promoter / FII Holding
The promoters held 51.5% of the company’s capital as of December 29, while the holdings of FII and MF amounted to 7.21 and 3.92% respectively.

Key financial data

With a market capitalization of Rs 104,685.45 crore, the company operates in the petroleum refining and marketing business. For the quarter ended Sep 30, 2021, the company reported consolidated sales of Rs 172,646.31 crore, up 9.95% from the previous quarter at Rs 157,018.41 crore and up 108.35% from in the same quarter a year ago. The company reported net profit of Rs 6,203.74 crore for the most recent quarter, up 2.95% from the corresponding quarter last year.

Technical indicators
The Relative Strength Index (RSI) for the stock stands at 35.88. The RSI hovers between zero and 100. Traditionally, it is considered an overbought condition when the value of the RSI is above 70 and an oversold condition when it is below 30. Analysts say the RSI indicator should only not be viewed in isolation, as it may not be enough to take a trade call, in the same way that a fundamental analyst cannot give a ‘buy’ or ‘sell’ recommendation using a single valuation ratio .

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