Indian Oil Corporation Hits New 52-Week High at Rs. 174.45

Indian Oil Corporation has reached a significant milestone by hitting a new 52-week high of Rs. 174.45 today. This achievement comes as the stock has shown consistent performance, gaining for the last four consecutive days and delivering a total return of 2.94% during this period.
Despite underperforming its sector by 0.49% today, Indian Oil Corporation has demonstrated robust long-term growth, with net sales increasing at an annual rate of 14.63% and operating profit rising by 28.19%. The company's recent quarterly results have also been impressive, with a profit after tax of Rs. 7,817.55 crore, reflecting a remarkable growth of 105.8% compared to the previous four-quarter average.

The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. With a one-year performance of 24.95%, Indian Oil Corporation has significantly outperformed the Sensex, which has seen a return of 7.30% over the same period. The company maintains a high institutional holding of 37.7%, further underscoring its strong market position.