Indian Oil Corporation Ltd shares advance by 1.67%

Shares of Indian Oil Corporation Ltd rose by 1.67% up to Rs 94.2 on 29th January 2021 at around 11:23 AM (IST), while the benchmark BSE Sensex increased by 107.05 points to 46981.41. The stock is included in the Oil Refining & Marketing industry.

Almost 9,72,553 shares were exchanged on the counter with a total value of Rs 9.1 crore.

The stock started a 52-week high price of Rs 120.2 and a 52-week low of Rs 71.15.

On the technical charts, the 200-DMA of the stock was Rs 85.21, while 50-DMA stood at Rs 92.34. If a stock trades higher than 50 DMA and 200 DMA, it generally indicates that the immediate trend is up. However, if the stock trades below 50 DMA and 200 DMA both, it is examined as a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.

Shares of the company have improved by 20.41% in the past one year, while Sensex has risen 12.92% during the same period.

BSE data shows that the stock trades at a price-to-earnings multiple of 27.06 and a price-to-book ratio of 0.79. A higher price-to-earnings ratio shows investors are ready to pay a higher price because of better future growth expectations. Price to book value suggests the intrinsic value of a company and reflects the price that investors are ready to pay even for no growth in a business.

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