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MarketScreener Homepage  >  Equities  >  NSE India Stock Exchange  >  Indian Oil Corporation Limited    IOC   INE242A01010

INDIAN OIL CORPORATION LIMITED

(IOC)
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Nifty, Sensex track dip in world markets; Reliance gains ahead of earnings

10/30/2020 | 05:44am EST
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai

BENGALURU (Reuters) - Indian shares ended lower on Friday on weak cues from global markets spooked by rising COVID-19 cases and fresh lockdowns in Europe, even as gains in Reliance Industries ahead of its earnings kept losses in check.

The NSE Nifty 50 index ended 0.24% lower at 11,642.4, while the S&P BSE Sensex closed 0.34% lower at 39,614.07, dragged by bank and financial stocks. They rose as much as 0.6% earlier in the session.

Both indexes posted their best monthly performance since July, but finished the week more than 2% lower on worries over the pace of global economic recovery as major European nations prepare for fresh lockdowns to combat surging coronavirus cases.

"If cases go up with the winter season coming, that will have ramifications in public demand," said Rusmik Oza, senior vice-president at Kotak Securities in Mumbai.

"The situation is quite grave."

The Nifty auto index fell 1.13%, led by declines in Hero Motocorp and Eicher Motors, which fell 3.3% and 2.4%, respectively.

The Nifty banking index shed 0.8%.

However, Reliance Industries gained as much as 1.9% ahead of its September-quarter earnings due later in the day, and kept losses in check.

Indian Oil Corp closed up 1.5% after the company reported a jump in quarterly profit, and Bharat Petroleum Corp gained 3.7% on upbeat earnings reported on Thursday.

The refiners boosted the Nifty energy index 1.74%.

Real estate developer Godrej Properties gained as much as 4.3%, helping the Nifty realty index rise 2.2%. Brokerage Jefferies in a note from Thursday said it maintained an optimistic outlook for the sector.

World stocks were down 0.3% at 0717 GMT, the European blue-chip index was down 0.6% and MSCI's broadest index of Asia-Pacific shares outside of Japan was last down 1.2%.

(Reporting by Derek Francis in Bengaluru; Editing by Ramakrishnan M.)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BHARAT PETROLEUM CORPORATION LIMITED -1.98% 382.05 Delayed Quote.-20.71%
EICHER MOTORS LIMITED 3.67% 2692.7 End-of-day quote.19.61%
GODREJ PROPERTIES LIMITED -3.12% 1083.55 Delayed Quote.13.17%
INDIAN OIL CORPORATION LIMITED -0.46% 85.75 Delayed Quote.-31.38%
LONDON BRENT OIL 0.71% 48.36 Delayed Quote.-30.61%
NIFTY 50 -1.51% 12858.4 Delayed Quote.7.29%
RELIANCE INDUSTRIES LTD -0.83% 1947.8 Delayed Quote.30.96%
SENSEX 30 -1.56% 43828.1 Real-time Quote.6.84%
WTI 1.05% 45.545 Delayed Quote.-29.68%
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11/05Saudi Arabia's wealth fund buys 2.04% stake in Reliance Retail Ventures
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Financials
Sales 2021 3 505 B 47 434 M 47 434 M
Net income 2021 118 B 1 601 M 1 601 M
Net Debt 2021 1 167 B 15 794 M 15 794 M
P/E ratio 2021 6,61x
Yield 2021 7,39%
Capitalization 787 B 10 634 M 10 655 M
EV / Sales 2021 0,56x
EV / Sales 2022 0,45x
Nbr of Employees 32 803
Free-Float 24,2%
Chart INDIAN OIL CORPORATION LIMITED
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Indian Oil Corporation Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends INDIAN OIL CORPORATION LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 30
Average target price 110,41 INR
Last Close Price 86,15 INR
Spread / Highest target 97,3%
Spread / Average Target 28,2%
Spread / Lowest Target -24,6%
EPS Revisions
Managers
NameTitle
Shrikant Madhav Vaidya Chairman
Sandeep Kumar Gupta Chief Financial Officer & Finance Director
S. S. V. Ramakumar Director & Director-Research & Development
Govind Kottieth Satish Director, Director-Planning & Business Development
Ranjan Kumar Mohapatra Director & Director-Human Resources
Sector and Competitors
1st jan.Capitalization (M$)
INDIAN OIL CORPORATION LIMITED-31.38%10 684
EXXON MOBIL CORPORATION-39.84%177 501
RELIANCE INDUSTRIES LTD30.96%168 439
BP PLC-41.73%73 881
CHINA PETROLEUM & CHEMICAL CORPORATION-24.95%72 330
NESTE OYJ85.88%52 606