Indian Oil Corporation share are down by -3.5%, Nifty down by -0.87%

Indian Oil Corporation Share Price Today on 07-10-2024: On the last trading day, Indian Oil Corporation's stock opened at 171.15 and closed at 162.75. The highest price reached during the day was 171.15, while the lowest price recorded was 162.10.

Livemint
Published7 Oct 2024, 11:21 AM IST
Indian Oil Corporation Share Price Today Live Updates
Indian Oil Corporation Share Price Today Live Updates

Indian Oil Corporation Share Price Today on : At 07 Oct 16:00 today, Indian Oil Corporation shares are trading at price 162.75, -3.5% down from the previous closing price. Sensex is trading at 81050, down by -0.78%. The stock has hit a high of 171.15 and a low of 162.1 during the day.

On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days.

The SMA values for the stock are given below :

DaysSimple Moving Average
5175.75
10172.68
20173.12
50173.15
100169.83
300163.85

The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at 168.63, 174.42, & 177.68, whereas it has key support levels at 159.58, 156.32, & 150.53.

Till 4 PM today, the volume traded on NSE & BSE for Indian Oil Corporation was 36.93% higher than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.

Overall, as per Mint technical analysis, The stock is currently experiencing a strong downtrend.

From a fundamental analysis perspective, the company has a ROE of 25.83% .The current P/E of the stock is at 7.53 .

The median 1-year forecasted upside in this share is at 6.91% with a target price of 174.00.

The company has a 51.50% promoter holding, 7.49% MF holding, & 7.79% FII holding as per filings in the june quarter.

The MF holding has decreased from 7.70% in march to 7.49% in the june quarter.

The FII holding has decreased from 8.49% in march to 7.79% in the june quarter.

Indian Oil Corporation share price down -3.5% today to trade at 162.75 while its peers are mixed. Its peers such as Bharat Petroleum Corporation, Gujarat Natural Resources are falling today, but its peers are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.87% & -0.78% each respectively.

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First Published:7 Oct 2024, 11:21 AM IST
Business NewsMarketsIndian Oil Corporation share are down by -3.5%, Nifty down by -0.87%

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