Indian Oil Corporation Sees Surge in Trading Volume Amid Market Fluctuations

Indian Oil Corporation Ltd (IOC), a prominent player in the oil industry, has been one of the most active equities today, with a total traded volume of 16,258,808 shares and a total traded value of approximately Rs 231.48 crores. The stock opened at Rs 144.68 and reached a day's high of Rs 144.68, while it also touched an intraday low of Rs 141.5, reflecting a decline of 2.51% from the previous close of Rs 145.15.
Despite this dip, IOC is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend in its longer-term performance. The stock has underperformed its sector by 1.09% today, with a 1-day return of -1.39%, compared to a sector return of -0.27% and a Sensex return of -0.47%.

Investor participation has notably increased, with delivery volume rising by 170.11% against the 5-day average, totaling 1.35 crore shares on June 11. Additionally, IOC boasts a high dividend yield of 4.82% at the current price, and its liquidity remains robust, accommodating trade sizes of Rs 3.81 crores based on 2% of the 5-day average traded value. Overall, Indian Oil Corporation continues to maintain a significant presence in the market despite today's fluctuations.