Stock of Interest

Posted On: July 24, 2023

Stock Report : IOC (NSE) 21 Jul 2023

Indian Oil Corporation Limited (IOC) is one of the largest oil and gas companies in India. Established in 1964, it is a state-owned entity headquartered in New Delhi. IOC is involved in various aspects of the petroleum industry, including refining, distribution, marketing, and petrochemicals. It operates a vast network of oil refineries, fuel stations, and pipelines across the country, playing a crucial role in meeting India’s energy demands. The company is also actively engaged in research and development to promote sustainable and eco-friendly practices in the energy sector. 

#xCalData predicts IOC will continue its Bullish phase over the next five days and trend in the range of 98 to 101. 

In comparison to the previous month, the price of the stock has experienced an increase of 8.11% indicating a Bullish. 

 The Stock has doubled Once since 13 Feb 2015 and took an average of 1.6 years to double. 

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 3 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. Only ASI indicates bearish view.  

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

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