Today, the shares of Indian Oil Corporation Ltd. dipped by 0.48%, trading at Rs 135.45 as of 11:27 AM (IST). The stock opened lower than yesterday’s close. So far, around 311,947 shares have changed hands, bringing in about Rs 4.21 crore.
The stock’s earnings compared to its price (known as the price-to-earnings or P/E ratio) is 10.93, and it has a price-to-book value of 1.26. This means for every rupee of its value, investors are paying Rs 1.26. The company’s return on equity (ROE), which shows how well it uses its money to make profits, stands at 22.75%.
During the day, the stock reached a high of Rs 135.95 and a low of Rs 134.30. Over the past year, the stock hit its highest price at Rs 196.80 and its lowest at Rs 128.50.
When looking at volatility, which measures how much the stock price moves compared to the market, the stock has a beta value of 1.4017.
Technical Indicators:
The stock’s 200-day moving average (200-DMA) is Rs 162.08, while the 50-day moving average (50-DMA) is Rs 141.28. If a stock price is above both levels, it usually means it’s on an upward trend. If it’s below, the trend is bearish. Currently, it’s trading between these two averages, suggesting it could move in either direction.
The Relative Strength Index (RSI) of this stock is 39.63, signaling that it is nearing an oversold condition. An RSI above 70 indicates a stock might be overbought, while below 30 suggests it might be oversold.
Promoter Holding: As of September 30, 2024, the promoters own 51.5% of the company’s shares. Overseas investors hold 7.9%, and domestic institutional investors have 10.37%.
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