Indian Oil Corporation's Stock Declines by -3.2% Amidst Volatile Market Conditions

Indian Oil Corporation (IOC) has faced a decline in its stock price by -3.2% on October 29, 2024. This has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Hold'. The stock opened with a loss of -4.25% today and touched an intraday low of Rs 140.7 (-4.35%).

The company, which operates in the oil exploration and refineries industry, has underperformed the sector by -3.07% in today's trading session. It is also trading lower than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages.

Despite the decline in stock price, Indian Oil Corporation still offers a high dividend yield of 8.16% at the current price. However, it is important to note that the stock's performance in the past month has been -21.29%, compared to the Sensex's performance of -7.00%. In the past day, the stock's performance has been -3.74%, while the Sensex has only seen a decline of -0.53%.

Investors should keep a close eye on Indian Oil Corporation's stock performance in the coming days, as it may continue to face challenges in the volatile market. However, the company's high dividend yield may still be attractive to some investors. This is a developing story and we will continue to monitor and provide updates on Indian Oil Corporation's stock performance.