Indian Oil Corporation (IOC) Stock Declines by -3.0% Amidst Underperformance in Oil and Gas Sector

Oct 25 2024 10:15 AM IST
share
Share Via
Indian Oil Corporation (IOC) saw a -3.0% decline in its stock price on October 25, 2024, in line with the underperformance of the oil and gas sector. Despite this, IOC offers a high dividend yield of 7.83% and is currently trading below its moving averages. MarketsMojo has a 'Hold' call on the stock.

Indian Oil Corporation (IOC), one of the largest oil exploration and refining companies in India, saw a decline of -3.0% in its stock price on October 25, 2024. This drop was in line with the overall underperformance of the oil and gas sector, with IOC underperforming by -1.69%.

The stock touched an intraday low of Rs 149.05, a decrease of -2.74% from the previous day's closing price. IOC's stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend in its price.

Despite the recent decline, IOC continues to offer a high dividend yield of 7.83% at its current price. This may be attractive to investors looking for stable returns.

In comparison to the overall market performance, IOC's stock has underperformed the Sensex by -3.13% in the past day and -12.57% in the past month. However, it is important to note that past performance does not guarantee future results.

As of now, MarketsMOJO has a 'Hold' call on IOC's stock, indicating a neutral stance. This is based on the fact-based analysis of the company's financials and market trends, without any influence from investor interest or expert opinions.

Overall, while IOC's stock has seen a decline in the past day and month, it remains a largecap company in the oil and gas industry with a strong presence in India. Investors may want to keep an eye on the company's performance and future developments in the sector before making any investment decisions.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News