Indian Oil Corporation share are up by 0.67%, Nifty up by 0.96%

Indian Oil Corporation Share Price Today on : At 20 Sep 11:02 today, Indian Oil Corporation shares are trading at price ₹166.2, 0.67% up from the previous closing price. Sensex is trading at ₹84008.01, up by 0.99%. The stock has hit a high of ₹166.6 and a low of ₹165 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 ₹169.53, ₹173.62, & ₹177.23, whereas it has key support levels at ₹161.83, ₹158.22, & ₹154.13.

Till 11 AM today, the volume traded on NSE & BSE for Indian Oil Corporation was -13.66% 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 7.37 .

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 has gained 0.67% today to trade at ₹166.2 in resonance with its peers. Its peers such as are also on the rise. Overall, benchmark indices Nifty & Sensex are up 0.96% & 0.99% each respectively.