Indian Oil Corporation Share Price Live Today: Positive Trading Momentum Observed
Indian Oil Corporation Share Price Live Updates
Opening and Closing Prices
On the last trading day, Indian Oil Corporation’s stock opened at ₹139.55 and closed at ₹140.5. During the session, the stock reached a high of ₹140.5 and a low of ₹136.4. The company’s market capitalization currently stands at ₹193,051.5 crore.
52-Week Performance and Trading Volume
- 52-Week High: ₹196.8
- 52-Week Low: ₹117.25
- BSE Trading Volume: 1,041,601 shares
As of 11 AM today, trading volume has risen 11.28% compared to the previous session, with the stock priced at ₹139.45, reflecting a 1.94% increase.
Price and Volume Analysis
A higher trading volume combined with a price increase often suggests an upward trend. Conversely, a price drop with elevated volume could indicate a possible continuation of the decline. Monitoring such trends is essential for traders.
Hourly Price Movement
In the previous trading hour, Indian Oil Corporation’s stock fluctuated between a high of ₹139.45 and a low of ₹136.5. The stock has breached several hourly resistance levels, showing signs of upward momentum. Traders should evaluate overbought conditions on hourly charts and adjust stop-loss levels accordingly.
Key Support and Resistance Levels:
- Support: ₹135.4
- Resistance: ₹139.5
If the stock price surpasses ₹139.5, it could lead to a bullish trend, while a drop below ₹135.4 may signal a bearish trend.
Peer Comparison and Market Overview
Indian Oil Corporation’s share price is currently ₹138.35, marking a 1.13% increase for the day. Peers like Bharat Petroleum Corporation and Gujarat Natural Resources are also witnessing gains, whereas benchmark indices Nifty and Sensex have declined by 1.05% and 1.21%, respectively.
Analyst Recommendations
The consensus analyst rating for Indian Oil Corporation is Hold, with the following price targets for the next year:
- Median Price Target: ₹167.0 (21.37% higher than the current price)
- Lowest Target: ₹100.0
- Highest Target: ₹246.0
Analyst Ratings Overview:
- Strong Buy: 6
- Buy: 9
- Hold: 6
- Sell: 6
- Strong Sell: 4
Early Trading Insights
As of 10 AM today, the trading volume has decreased by 10.39% compared to yesterday, with the stock price at ₹137.15, reflecting a slight dip of 0.26%. Analyzing price and volume movements is critical for understanding potential market directions.
Stay updated on Indian Oil Corporation’s share price to make informed trading decisions.
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