Indian Oil Corporation Hits New 52-Week High of Rs. 173.45

Indian Oil Corporation has reached a significant milestone by hitting a new 52-week high of Rs. 173.45 today, marking a notable achievement in its stock performance. This increase comes as the stock has outperformed its sector by 2.22% and has shown consistent gains over the past three days, accumulating a total return of 2.94% during this period.
The stock's performance is further underscored by its position above key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a strong upward trend. Over the past year, Indian Oil Corporation has delivered a robust return of 23.92%, significantly outpacing the Sensex, which has grown by 5.27% in the same timeframe.

In addition to its stock performance, the company has demonstrated healthy financial metrics, with net sales growing at an annual rate of 14.63% and operating profit increasing by 28.19%. The latest quarterly results also reflect a substantial growth in profit after tax, further solidifying its strong market position. With high institutional holdings at 37.7%, Indian Oil Corporation continues to be a prominent player in the oil industry.