Indian Oil Corporation Ltd's Stock Sees Strong Performance and High Dividend Yield

Jun 06 2024 10:20 AM IST
share
Share Via
Indian Oil Corporation Ltd, a largecap company in the oil exploration and refineries industry, saw a positive start to the day with a 3.08% gain in its stock price, outperforming the sector by 2.09%. The stock has been on a consecutive upward trend for the past two days, with a total gain of 6.99%. It also has a high dividend yield of 5.03%, making it an attractive option for stable returns.

Indian Oil Corporation Ltd, a largecap company in the oil exploration and refineries industry, saw a positive start to the day with a gain of 3.08% in its stock price. This outperformed the sector by 2.09%, indicating a strong performance by the company.

The stock has been on a consecutive upward trend for the past two days, with a total gain of 6.99% during this period. Today, the stock opened with a gap up of 3.08%, showing a strong demand for the company's shares.

Intraday, the stock reached a high of Rs 165.6, a 4.05% increase from its opening price. The stock is currently trading higher than its 5 day, 20 day, and 200 day moving averages, but lower than its 50 day and 100 day moving averages.

Investors may also be interested to know that Indian Oil Corporation Ltd has a high dividend yield of 5.03% at its current price. This could be an attractive factor for those looking for stable returns.

In comparison to the overall market performance, Indian Oil Corporation Ltd has shown a strong 1 day and 1 month performance, with gains of 3.86% and -0.60% respectively, while the Sensex has only seen a 0.89% and 1.56% increase in the same time periods.

Based on these factors, MarketsMOJO has given a 'Hold' call for Indian Oil Corporation Ltd's stock. With its strong performance and potential for stable returns, the company remains a promising player in the oil exploration and refineries industry.
{{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