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    IOC   INE242A01010

INDIAN OIL CORPORATION LIMITED

(IOC)
  Report
Delayed Quote. Delayed NSE India Stock Exchange - 10/22 07:25:21 am
130.7 INR   -0.72%
01:20pIndian refiners' September crude processing ticks up on firm demand
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10/21Indian stocks inch lower as tech losses outweigh energy gains
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Indian shares struggle as tech negates energy gains

09/28/2021 | 01:53am EDT

BENGALURU, Sept 28 (Reuters) - Indian equities struggled for direction on Tuesday as gains in energy stocks countered losses in tech and real estate shares, with concerns about the fate of China Evergrande also weighing on broader market sentiment.

The blue-chip NSE Nifty 50 index was down 0.09% at 17,870.3 by 0458 GMT and the benchmark S&P BSE Sensex fell 0.01% to 60,074.51.

It is an "intermittent, healthy pause in a buyer's market," said Ajit Mishra, Vice President of Research at Religare Broking.

Indian shares have gained about 4% this month, hitting record highs on ample liquidity and hopes of a vigorous economic recovery from pandemic troughs.

Trading was slightly volatile on Tuesday, with the Nifty volatility index surging 2.5% in morning trade.

Volatility could continue as the festive and the earnings seasons kick in, Mishra said.

Energy stocks rose more than 2% to hit a record high. Indian Oil Corp climbed over 2% and was among the biggest gainers on the Nifty 50.

Metal stocks advanced 1.4%, driven by a 4.8% jump in Coal India.

Tech stocks dropped more than 1% after Monday's 2.9% slump. HCL Technologies fell nearly 2% to be the biggest loser on the Nifty 50.

Real estate stocks snapped five straight sessions of gains to drop more than 2%, with Oberoi Realty sliding over 5% to lead losses on the sub-index.

Broader Asian markets were trading lower as risks of a default by debt-laden property giant China Evergrande took centre stage again.

(Reporting by Soumyajit Saha in Bengaluru; Editing by Subhranshu Sahu)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CHINA EVERGRANDE GROUP 4.26% 2.69 End-of-day quote.-81.95%
COAL INDIA LIMITED -3.56% 175.9 Delayed Quote.34.66%
HCL TECHNOLOGIES LIMITED -1.38% 1194 Delayed Quote.27.96%
INDIAN OIL CORPORATION LIMITED -0.72% 130.7 Delayed Quote.44.75%
OBEROI REALTY LIMITED 3.36% 915.6 Delayed Quote.51.84%
All news about INDIAN OIL CORPORATION LIMITED
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10/01India's energy demand grows at slower pace in September
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10/01Indian shares on course for first weekly drop in six
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09/28Indian shares struggle as tech negates energy gains
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Analyst Recommendations on INDIAN OIL CORPORATION LIMITED
More recommendations
Financials
Sales 2022 5 313 B 70 859 M 70 859 M
Net income 2022 156 B 2 078 M 2 078 M
Net Debt 2022 1 208 B 16 116 M 16 116 M
P/E ratio 2022 7,92x
Yield 2022 6,22%
Capitalization 1 200 B 16 006 M 16 004 M
EV / Sales 2022 0,45x
EV / Sales 2023 0,44x
Nbr of Employees 31 648
Free-Float 26,7%
Chart INDIAN OIL CORPORATION LIMITED
Duration : Period :
Indian Oil Corporation Limited Technical Analysis Chart | IOC | INE242A01010 | MarketScreener
Technical analysis trends INDIAN OIL CORPORATION LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 28
Last Close Price 130,70 INR
Average target price 133,11 INR
Spread / Average Target 1,84%
EPS Revisions
Managers and Directors
Sandeep Kumar Gupta CFO, Finance Director & Director
Shrikant Madhav Vaidya Chairman
S. S. V. Ramakumar Director & Director-Research & Development
Lata Usendi Independent Non-Executive Director
Ranjan Kumar Mohapatra Director & Director-Human Resources
Sector and Competitors
1st jan.Capi. (M$)
INDIAN OIL CORPORATION LIMITED44.75%16 149
EXXON MOBIL CORPORATION52.09%265 402
RELIANCE INDUSTRIES LTD32.10%222 694
CHEVRON CORPORATION32.32%216 095
BP PLC39.33%97 804
CHINA PETROLEUM & CHEMICAL CORPORATION11.53%79 892