Indian Oil Corporation Share Price Highlights: Indian Oil Corporation closed today at ₹120.40, down -0.74% from yesterday’s ₹121.30
Market Movers: Indian Oil Corporation Share Price Update
Introduction
Indian Oil Corporation, one of the most prominent oil companies in India, has been making headlines with its consistent decline in share price over the past few days. As of today, the company’s share price closed at ₹120.40, down -0.74% from yesterday’s ₹121.30. In this article, we’ll delve into the key factors influencing the stock’s performance, including its financial performance, analyst ratings, and technical analysis.
Return on Equity (ROE) and Return on Investment (ROI)
Indian Oil Corporation has a ROE of 25.83% in the most recent fiscal year. Its return on investment (ROI) is 17.52% in the last fiscal year. These statistics indicate the company’s ability to generate profit from its shareholders’ equity. (H2: Indian Oil Corporation Live Updates: Return metrics and efficiency)
Financial Performance
The company has delivered an EPS growth of 24.47% and a revenue growth of 19.21% in the last three years. In the trailing 12 months, the company has a revenue of 8616523.00 cr, which is -2.22% lower than the revenue of the most recent fiscal year. The company has a predicted growth of 1.71% for revenue and -3.78% in profit for the quarter 4. (H2: Indian Oil Corporation Live Updates: Financial performance)
Analyst Recommendations
The consensus analyst rating is Hold, with a median price target of ₹150.0, 24.79% higher than the current market price. The lowest target price among analyst estimates is ₹90.0, while the highest target price is ₹205.0. These target price estimates are for the next 1 year. (H2: Indian Oil Corporation Live Updates: Consensus analysts rating is Hold)
Price Analysis
The share price of Indian Oil Corporation has dropped by 0.70%, currently trading at ₹120.45. Over the past year, the price has declined by 32.48%, reaching ₹120.45. In contrast, the Nifty index has increased by 8.84%, rising to 22,795.90 during the same one-year timeframe. (H2: Indian Oil Corporation Share Price Live Updates: Price Analysis)
Support and Resistance Levels
The key support and resistance levels for Indian Oil Corporation on the daily timeframe are as follows:
- Resistance 1: ₹122.87
- Resistance 2: ₹124.68
- Resistance 3: ₹125.67
- Support 1: ₹120.07
- Support 2: ₹119.08
- Support 3: ₹117.27
Please note that these support and resistance levels are derived from the classic pivot table. (H2: Indian Oil Corporation Share Price Live Updates: Key support and resistance levels)
Trading Volume
The trading volume yesterday was 26.45% lower than the 20-day average. Yesterday’s NSE volume was 9 mn, and BSE volume was 403 k. (H2: Indian Oil Corporation Share Price Live Updates: Indian Oil Corporation volume yesterday was 10 mn as compared to the 20 day avg of 13680 k)
Technical Trend
The stock is exhibiting preliminary signs of a trend reversal following a significant downtrend, but continued monitoring is advised. The stock traded in the range of ₹123.70 and ₹120.90 yesterday to end at ₹121.30. (H2: Indian Oil Corporation Share Price Live Updates: Indian Oil Corporation closed at ₹122.75 on last trading day & the technical trend suggests Moderately Bullish near term outlook)
Conclusion
In conclusion, Indian Oil Corporation’s share price has declined by 0.74% today, closing at ₹120.40. The company’s financial performance, analyst ratings, and technical analysis all indicate a challenging near-term outlook for the stock. However, investors should monitor the company’s performance closely, as it may exhibit signs of a trend reversal in the coming days.
Meta Description: Get the latest updates on Indian Oil Corporation’s share price, including its financial performance, analyst ratings, and technical analysis. Learn how to make informed investment decisions with our expert insights. Headings and Subheadings:
- Indian Oil Corporation Live Updates: Return metrics and efficiency
- Indian Oil Corporation Live Updates: Financial performance
- Indian Oil Corporation Live Updates: Consensus analysts rating is Hold
- Indian Oil Corporation Share Price Live Updates: Price Analysis
- Indian Oil Corporation Share Price Live Updates: Key support and resistance levels
- Indian Oil Corporation Share Price Live Updates: Indian Oil Corporation volume yesterday was 10 mn as compared to the 20 day avg of 13680 k
- Indian Oil Corporation Share Price Live Updates: Indian Oil Corporation closed at ₹122.75 on last trading day & the technical trend suggests Moderately Bullish near term outlook
Keywords: Indian Oil Corporation, share price, financial performance, analyst ratings, technical analysis, investment advice.
