Indian Oil Corp. shares fall 0.72 per cent in Friday's trading session

Shares of Indian Oil Corporation Ltd. fell 0.72 per cent to Rs 131.25 in Friday's trade as of 11:58AM (IST) even as the benchmark Nifty ruled at 17903.85, up 113.5 points.

The scrip had closed at Rs 132.2 in the previous session. The stock quoted a 52-week low of Rs 73.75 and a high of Rs 134.9. The company quoted a market-cap of Rs 123796.19 crore on the BSE.

On BSE, 308,764 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 4.85 times its trailing 12-month EPS of Rs 27.11 per share and 0.75 times its book value. The return on equity (ROE) stood at Rs 19.34.

Key Financials
For the quarter ended 30-Jun-2021, Indian Oil Corporation Ltd. reported consolidated sales of Rs 157018.41 crore, up 156.57 per cent from the same quarter a year ago. The company reported 159.96 per cent YoY growth in net profit at Rs 6109.69 crore for the latest quarter.

Technical indicators
The relative strength index (RSI) of the stock stood at Friday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.