Indian Oil Corp. shares up 0.49% as Sensex falls

Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 141.75 and a 52-week low of Rs 86.7 on NSE. Around 310839 shares changed hands on the counter till 10:51AM (IST).

The stock opened at Rs 123.0 and has touched an intraday high and low of Rs 123.9 and Rs 121.4 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 4.18, earnings per share (EPS) of Rs 29.19 and price to book value (PB) of 0.75, while the return on equity (ROE) stood at Rs 19.34.

Promoter/ FII Holding
The promoters held 51.5 per cent stake in the company as of February 17, while FII and MF ownerships stood at 16.43 per cent and 3.38 per cent, respectively.

Key Financials

With a market capitalisation of Rs 114852.74 crore, the company operates in the Oil Refining & Marketing industry. For the quarter ended 31-Dec-2021, the company reported consolidated sales of Rs 166482.22 crore, down 3.57 per cent from the previous quarter?s Rs 172646.31 crore and down 61.75 per cent from the same quarter a year ago. The company reported net profit of Rs 6143.08 crore for the latest quarter, up 40.93 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 52.33. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.