Indian Oil Corp. shares drop 0.37% as Sensex falls
The stock quoted a 52-week high of Rs 101.44 and a 52-week low of 65.2. About 387,309 shares changed hands on the counter so far.
Benchmark Nifty50 was down 33.45 points at 19744.85, while the BSE Sensex traded 147.95 points lower at 66559.25 at the time of writing of this report. In the Nifty pack, 20 stocks traded the day in the green, while 30 were in the red.Key Financials For the quarter ended 31-Mar-2023, the company reported consolidated sales of Rs 205087.53 crore, down 1.06 per cent from the previous quarter's Rs 207288.58 crore and down 16.61 per cent from the year-ago quarter.
The company reported net profit of Rs 10289.82 crore for the latest quarter.Promoter Holdings Promoters held 51.5 per cent stake in the company as of 30-Jun-2023, while FIIs held 7.56 per cent and MFs 2.2 per cent.Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 80.85 on July 27, while the 50-DMA was at Rs 93.1. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward.
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