On Thursday, Indian Oil Corporation Ltd.’s shares were priced at Rs 132.95 on the BSE at 12:22 PM IST, which is a drop of 1.26% from the previous day. The stock has a 52-week low of Rs 128.50 and a high of Rs 196.80. Earlier today, the stock opened with a gap down.
More than 314,741 shares were traded by 12:22 PM. The company has a market value of about Rs 187,600.65 crore. Its price-to-earnings (P/E) ratio is 10.70, meaning the stock is trading reasonably based on its earnings. The price-to-book ratio stands at 1.26.
Indian Oil’s return on equity (ROE) is 22.75%, indicating how well it uses money from shareholders to generate profits. In the broader BSE500 index, 195 stocks went up, while 304 stocks fell.
The stock’s beta value is 1.4017, showing it’s a bit more volatile compared to the overall market. As of September 30, 2024, promoters own 51.5% of Indian Oil, while foreign institutional investors hold 7.9% and domestic institutional investors have 2.98%.
Looking at the moving averages, the stock’s 200-day moving average (DMA) is 161.03, and the 50-DMA is 138.64. If a stock is trading below both the 50-DMA and the 200-DMA, it usually suggests a downtrend. However, if it’s trading between the two, it indicates that the stock could go either way.
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