Indian oil corp share price: Shares of Indian Oil Corp. rise as Nifty gains

Shares of Indian Oil Corporation Ltd. gained 1.04 per cent to Rs 116.1 in Thursday’s trade as of 11:55AM (IST). It hit a high of Rs 116.3 and low of Rs 115.1 during the session.

The stock quoted a 52-week high price of Rs 117.85 and a low of Rs 71.35. The return on equity for the stock stood at 19.34 per cent. About 332,035 shares have changed hands on the counter so far.

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

The scrip has been an underperformer, up 28.93 per cent in the past one year in comparison with a 63.07 per cent gain in Sensex.

Technicals

On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 71.35 on June 10, while the 50-DMA was at Rs 98.89. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding

Promoters held 51.5 per cent stake in Indian Oil Corporation Ltd. as of 31-Mar-2021. Mutual funds and foreign institutional investors held 4.66 per cent and 5.81 per cent stake.