Stock Analysis- Indian Oil Corporation Ltd for May 2021

Stock Analysis: Indian Oil Corporation Ltd.

Hello friends and welcome to all of you once again on www.financesikho.com. Today I am going to analyze the Indian Oil Corporation Ltd for Swing or Positional Trade. If want to know about Indian Oil Corporation Ltd analysis then keep reading this article very carefully. Indian Oil Corporation Ltd is a good stock for buy position in short term as well as long term

If want to trade or invest in some good stocks you need to firstly analyze the stock previous performance and history of that stock. Without any analysis there are many chances you may trade or invest in poor stock and you may suffer huge loss.

So, today I am going to provide you the relevant information about the stock analysis of Indian Oil Corporation Ltd. with past performance and sufficient data which will help you to taking decision before trading or investing in this stock.

Overview:

1) Sector: Energy - Oil & Gas

2) Large Cap

3) Risk: Low Risk (Volatility 1.68x)

4) 52 Weeks: High- 105, Low- 71.15 & Current Price- 94.70

 

Fundamental Analysis:

The quarterly revenue of Dec 2020 is increased from Rs. 82,862.42 crores to Rs. 1,48,769.23 crores and the net profit of Dec 2020 is decrease from 6,025.81 crores to 4,359.11 crores as compare to Sep 2020 quarter. Increase in revenue but decrease in profit.

Deliveries: Last trading day stock delivery percentage 34.41 % which is good.

Overview:

1) P/E Ratio: 18

2) EPS- TTM : 5.26

3) PB Ratio: 0.91

4) Returns: 1 week 4.24%, 1 month 2.16%, 3 month -7.52% and 1 year 25.02% 

5) Shareholding Pattern:

• Promoters 51.50   Pledge 0
  
• FII: 5.81
• DII: 12.98 Mutual Fund: 4.66
• Others: 29.71
  

 

Technical Analysis:

Moving average: Indian Oil Corporation Ltd. stock currently trading at Rs. 94.70 which is above of 5,10,20,50 & 200 days moving average

Moving average crossover: 

Short term: 5 & 20 DMA crossover-bullish

Medium term: 20 & 50 DMA crossover- bearish

Long term: 50 & 200 DMA crossover- bullish

 

Indicators:

RSI (14): RSI is bullish i.e.61.32

MACD (12,26,9): MACD is bearish

Stochastic (20,3): Overbought

Entry Point: Good time to consider for short term as well as long term because stock is not in overbought zone.

Short term target: The short term (7 days to one month) target for Indian Oil Corporation Ltd. share:

Target 1: Rs. 95.90

Target 2: Rs. 97.10

Target 3: Rs. 98.95

Stop loss:

Stop Loss 1: Rs. 92.85

Stop Loss 2: Rs. 91.00

Stop Loss 3: Rs. 89.80

About The Post 

Through this article, I shared with you some information about Analysis of Indian Oil Corporation Ltd. If you like this article then share with your friends so that they can plan trading or long term investment from today. Apart from this if you have any problem or suggestion or feedback, then email me. I will try to help you. 

Disclaimer

Stock Analysis by Ibrahim Ansari