Shares of Indian Oil Corp. rise as Nifty gains

Shares of

. gained 0.54 per cent to Rs 83.35 in Monday’s trade as of 01:07PM (IST). It hit a high of Rs 83.4 and low of Rs 82.6 during the session.

The stock quoted a 52-week high price of Rs 90.67 and a low of Rs 65.2. The return on equity for the stock stood at 18.79 per cent. About 526,847 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 2.77 per cent in the past one year in comparison with a 3.05 per cent gain in Sensex.

Technicals

On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 65.2 on January 23, while the 50-DMA was at Rs 76.81. 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 0.0 per cent stake in Indian Oil Corporation Ltd. as of 31-Dec-2022. Mutual funds and foreign institutional investors held 2.09 per cent and 7.22 per cent stake.

(What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

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