Indian Oil Corporation (IOC) Outperforms Sector with 4.77% Gain, Offers High Dividend Yield

Indian Oil Corporation (IOC), one of the largest oil exploration and refining companies in India, saw a positive start to its trading day today. The stock opened with a gain of 4.77%, outperforming the sector by 1.66%. This marks the second consecutive day of gains for the company, with a total rise of 5.06% in the last two days.

The stock also opened with a gap up of 4.77%, indicating strong investor interest in the company. It touched an intraday high of Rs 171.8, a 5.79% increase from its previous close. IOC is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, showcasing its strong performance in the market.

In addition, IOC offers a high dividend yield of 4.93% at its current price, making it an attractive option for investors. Its performance in the last month has been on par with the Sensex, with a 0.06% increase compared to the Sensex's 2.85% rise. However, in the last 24 hours, IOC has outperformed the Sensex with a 5.23% increase compared to the Sensex's 2.73% rise.

Based on these factors, MarketsMOJO has given a 'Hold' call for IOC's stock. With its strong performance and high dividend yield, IOC remains a stable and promising option for investors in the oil exploration and refining industry.