Indian Oil Corporation Share Analysis
| Current Price ₹ 106 | Market Cap ₹ 99,790 Cr. | Dividend Yield 9.91 % |
| High / Low ₹ 118 / 71.4 | Book Value ₹ 119 | ROE 20.9 % |
| Stock P/E 4.61 | ROCE 15.4 % | Face Value ₹ 10.0 |
Indian Oil Corporation Share is in uptrend and looking good to buy at CMP.
Buy IOC around Rs . 103 – 107 for the Targets of Rs .117 and 127.
Stoploss Rs. 98.
Expected profit 23% | Loss 7%
Hodling period should be atleast 60 Days..
CMP- 106 | Support- 99 | Resistance- 117 | Trend UP↑
Technical Analysis
| MOVING AVERAGES | Indication |
|---|---|
| Simple Moving Average (9) | Bearish |
| Simple Moving Average (18) | Bearish |
| Simple Moving Average (25) | Bearish |
| Simple Moving Average (43) | Bearish |
| Simple Moving Average (100) | Bullish |
| Simple Moving Average (200) | Bullish |
| OSCILLATORS | Indication |
|---|---|
| Commodity Channel Index (20) | Bearish |
| Williamson%R(14) | Bearish |
| MACD(12,26,9) | Bearish |
| Relative Strength Index (14) | Bearish |
| MFI(14) | Bullish |
| Stochastic(20,3) | Oversold |
| PIVOT LEVELS | R1 | R2 | R3 | PP | S1 | S2 | S3 |
|---|---|---|---|---|---|---|---|
| Classic | 106.98 | 107.97 | 108.73 | 106.22 | 105.23 | 104.47 | 103.48 |
| Fibonacci | 106.89 | 107.30 | 107.97 | 106.22 | 105.55 | 105.14 | 104.47 |
| Camarilla | 106.16 | 106.32 | 106.48 | 106.22 | 105.84 | 105.68 | 105.52 |
| Strengths |
|---|
| Stock is trading at 0.89 times its book value |
| Growth in Net Profit with increasing Profit Margin (QoQ) |
| FII / FPI or Institutions increasing their shareholding |
| Weaknesses |
|---|
| The company has delivered a poor sales growth of 1.01% over past five years. |
| MFs decreased their shareholding last quarter |
| Promoter holding has decreased over last 3 years: -5.25% |
| Daily Trend – Bearish ↓ |
| Weekly Trend – Bullish ↑ |
| Monthly Trend – Bullish ↑ |
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(*Note:- The recommendation are based on technical analysis. There is a risk of loss.)