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    IOC   INE242A01010

INDIAN OIL CORPORATION LIMITED

(IOC)
  Report
Delayed Quote. Delayed NSE India Stock Exchange - 12/02 01:20:43 am
120.3 INR   +2.21%
12/01India's Nov gasoil sales growth slows m/m - prelim data
RE
11/25Indian Oil Pays $325 Million Dividend to Government
MT
11/25Indian Indices Close Higher on Thursday; Reliance Industries Jumps 6%
MT
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Indian shares on course for first weekly drop in six

10/01/2021 | 01:46am EST

BENGALURU, Oct 1 (Reuters) - Indian shares were set for their first weekly drop in six as markets fell further on Friday, weighed down by losses in banking and auto stocks and on concerns surrounding global economic recovery and inflationary pressure.

The blue-chip NSE Nifty 50 index declined 0.6% to 17,512.85 by 0512 GMT and the benchmark S&P BSE Sensex fell 0.59% to 58,778.53, extending losses into a fourth session.

Both indexes have lost about 2% so far this week in what would be their biggest weekly drop since February, as markets attempt to consolidate after the recent run-up on accommodative monetary policies and easing COVID-19 restrictions.

On Friday, fears that inflation may persist even after global growth has peaked, and expectation that the U.S. Federal Reserve would tighten policy in the coming months wrecked markets across the world.

However, domestic positivity has not changed, said Siddharth Purohit, a research analyst at SMC Global Securities, adding that market volatility would continue this month as global events and the domestic earnings season played out.

Auto stocks dropped 1% ahead of September sales data, with Maruti Suzuki down 2.8% a day after it warned that total vehicle production in October at two of its plants would be around 60% of normal levels due to a global chip shortage.

Banking stocks fell 0.8%, with HDFC Bank sliding more than 1%, while consumer goods stocks slipped 0.7%.

Energy stocks advanced, with Indian Oil Corp rising 1% to be among the top gainers on the Nifty 50.

An increase in the prices of locally produced gas from old fields amid rising global gas prices helped sentiment, SMC's Purohit said. (Reporting by Soumyajit Saha in Bengaluru; Editing by Subhranshu Sahu)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
HDFC BANK LIMITED 1.16% 1521.8 Delayed Quote.4.76%
INDIAN OIL CORPORATION LIMITED 2.17% 120.3 Delayed Quote.29.41%
MARUTI SUZUKI INDIA LTD -0.07% 7267.8 Delayed Quote.-4.92%
All news about INDIAN OIL CORPORATION LIMITED
12/01India's Nov gasoil sales growth slows m/m - prelim data
RE
11/25Indian Oil Pays $325 Million Dividend to Government
MT
11/25Indian Indices Close Higher on Thursday; Reliance Industries Jumps 6%
MT
11/24Indian Oil Corporation Limited Announces Change in Directorate
CI
11/23Indian refiners' October crude processing up over 11%
RE
11/18Indian Indices End in Red on Thursday; Tata Motors Slumps 4%
MT
11/16India's gasoil demand dips in first half of November - data
RE
11/12KEC International Bags Orders Worth $190 Million
MT
11/11Indian Indices Settle in Red on Thursday; Indian Oil Slumps 4%
MT
11/11INDIAN OIL CORPORATION LIMITED : Ex-dividend day for interim dividend
FA
More news
Analyst Recommendations on INDIAN OIL CORPORATION LIMITED
More recommendations
Financials
Sales 2022 5 569 B 74 263 M 74 263 M
Net income 2022 192 B 2 560 M 2 560 M
Net Debt 2022 1 055 B 14 074 M 14 074 M
P/E ratio 2022 5,45x
Yield 2022 9,19%
Capitalization 1 081 B 14 439 M 14 410 M
EV / Sales 2022 0,38x
EV / Sales 2023 0,39x
Nbr of Employees 31 648
Free-Float 26,7%
Chart INDIAN OIL CORPORATION LIMITED
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Indian Oil Corporation Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends INDIAN OIL CORPORATION LIMITED
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TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 28
Last Close Price 117,70 INR
Average target price 152,54 INR
Spread / Average Target 29,6%
EPS Revisions
Managers and Directors
Sandeep Kumar Gupta CFO, Finance Director & Director
Shrikant Madhav Vaidya Chairman
S. S. V. Ramakumar Director & Director-Research & Development
Lata Usendi Independent Non-Executive Director
Ranjan Kumar Mohapatra Director & Director-Human Resources
Sector and Competitors
1st jan.Capi. (M$)
INDIAN OIL CORPORATION LIMITED29.41%14 439
EXXON MOBIL CORPORATION45.05%253 337
CHEVRON CORPORATION32.74%217 578
RELIANCE INDUSTRIES LTD21.16%203 498
BP PLC27.73%85 050
CHINA PETROLEUM & CHEMICAL CORPORATION1.15%71 816