Stock of Interest

Posted On: September 11, 2023

Stock Report: IOC(NSE) 08 Sep 2023

Indian Oil Corp Ltd conducts business across the energy value chain as India’s national oil company. The Petroleum Products business generates most of the group’s revenue. Indian Oil pursues exploration and production opportunities both domestically and internationally. Sale of Petrochemicals, Other operating segment of the Corporation comprises, Gas, Oil & Gas Exploration Activities, Explosives & Cryogenic Business and Windmill & Solar Power Generation. A network of pipelines in India not only transport oil from company fields but also to and from its refineries. The pipeline network spans across India and can move various petroleum products. The firm’s refinery operations include a host of technologies for processing oil and gas to meet the needs of a diverse client base. 

#xCalData predicts that # IOC will continue its bullish phase over the next five days and trend within the range of 91 to 98. 

In comparison to the previous month, the price of the stock has experienced an increase of 1.79% 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 2 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. Only some of the technical indicators namely Coppock Curve indicate Bearish view. 

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

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