Indian Oil Corporation Shows Strong Trading Activity Amid Sector Performance Shift

Indian Oil Corporation Ltd (IOC), a prominent player in the oil exploration and refinery sector, has emerged as one of the most active equities today, with a total traded volume of approximately 47.55 million shares and a total traded value of around Rs 704.11 crores. The stock opened at Rs 145.00 and reached a day high of Rs 149.74, before settling at a last traded price of Rs 148.65, reflecting a slight decline of 0.68% for the day.
Despite this dip, IOC is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust performance trend over a longer period. The stock has experienced a reversal after three consecutive days of gains, aligning closely with sector performance, which saw a 1D return of -0.65%.

Investor participation has notably increased, with delivery volume rising by 60.45% compared to the 5-day average, totaling 1.77 crore shares. Additionally, IOC boasts a high dividend yield of 4.71% at the current price, and its liquidity remains strong, supporting trade sizes of Rs 3.55 crores based on 2% of the 5-day average traded value. Overall, Indian Oil Corporation continues to demonstrate significant activity and resilience in the market.