Wednesday, December 1, 2021
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Share price of Indian Oil Corp. falls as Nifty strengthens :

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Shares of Indian Oil Corporation Ltd. slipped 1.84 per cent to Rs 125.3 in Thursday’s trade as of 02:02PM (IST). The stock hit a high price of Rs 128.0 and low of Rs 124.55 during the session.

The return on equity (ROE) for the stock stood at 19.34 per cent. Traded volume on the counter stood at 02:02PM shares and turnover at Rs 7.72 crore around that time. The stock of Indian Oil Corporation Ltd. quoted a 52-week high price of Rs 141.75 and 52-week low prices of Rs 84.05, respectively.

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

Promotor/FII Holding

Promoters held 51.5 per cent stake in the company as of 30-Sep-2021, while foreign investors held 7.21 per cent and domestic institutional investors had 3.92 per cent.

Key Financials

The company reported consolidated sales of Rs 172646.31 crore for the quarter ended 30-Sep-2021, up 9.95 per cent from previous quarter’s Rs 157018.41 crore and up 108.35 per cent from the year-ago quarter’s Rs 82862.42 crore. Net profit after tax for the latest quarter stood at Rs 6203.74 crore, up 2.95 per cent from the same quarter a year ago.

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 topof 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.

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