Indian Oil Corporation share are down by -1.23%, Nifty down by -0.16%

Indian Oil Corporation Share Price Today on : At 18 Sep 16:00 today, Indian Oil Corporation shares are trading at price ₹168.45, -1.23% down from the previous closing price. Sensex is trading at ₹82948.23, down by -0.16%. The stock has hit a high of ₹171.15 and a low of ₹167.7 during the day.

On the technical front, the stock is trading above the 300 days SMA & lower than the 5,10,20,50,100 day SMA. The stock will have support at 300 days SMA & face resistance at 5,10,20,50,100 days SMA

The SMA values for the stock are given below :

The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹170.5, ₹172.55, & ₹173.95, whereas it has key support levels at ₹167.05, ₹165.65, & ₹163.6.

Till 4 PM today, the volume traded on NSE & BSE for Indian Oil Corporation was -25.73% lower 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's continued downtrend suggests a bearish trend is underway..

From a fundamental analysis perspective, the company has a ROE of 25.83% .The current P/E of the stock is at 7.62 .

The median 1-year forecasted upside in this share is at 2.03% with a target price of ₹171.86.

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 -1.23% today to trade at ₹168.45 while its peers are mixed. Its peers such as are falling today, but its peers are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.16% & -0.16% each respectively.