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Indian Oil Corporation Ltd sees sustained losses

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Capital Market
Last Updated : Dec 05 2019 | 1:50 PM IST

Indian Oil Corporation Ltd is quoting at Rs 126.4, down 0.35% on the day as on 13:19 IST on the NSE. The stock tumbled 3.33% in last one year as compared to a 13.71% rally in NIFTY and a 14.4% spurt in the Nifty Energy index.

Indian Oil Corporation Ltd is down for a fifth straight session today. The stock is quoting at Rs 126.4, down 0.35% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.1% on the day, quoting at 12054.7. The Sensex is at 40892.95, up 0.1%.Indian Oil Corporation Ltd has lost around 6.78% in last one month.Meanwhile, Nifty Energy index of which Indian Oil Corporation Ltd is a constituent, has eased around 1.27% in last one month and is currently quoting at 16031.5, down 0.17% on the day. The volume in the stock stood at 57.41 lakh shares today, compared to the daily average of 84.92 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 125.35, down 0.71% on the day. Indian Oil Corporation Ltd tumbled 3.33% in last one year as compared to a 13.71% rally in NIFTY and a 14.4% spurt in the Nifty Energy index.

The PE of the stock is 8.75 based on TTM earnings ending June 19.

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First Published: Dec 05 2019 | 1:35 PM IST

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