Indian Oil Corporation Ltd Share Price (IOC)

IOCL Shares Rise After Signing MoU with Gujarat Gas - 16 Apr, 2024

Indian Oil Corporation Ltd (IOCL) shares rose by 1.17% following the signing of a non-binding MoU with Gujarat Gas to offer a comprehensive suite of energy solutions. The partnership will boost accessibility of eco-friendly fuel options.

Indian Oil Corporation Ltd. to Consider Further Reduction in Fuel Prices - 14 Apr, 2024

Indian Oil Chairman SM Vaidya stated that a decision on further reduction in fuel prices would be taken considering the volatility in crude oil, as India is highly sensitive to international oil prices due to being a net importer of crude oil.

IOCL Board Meeting to Consider Final Dividend Declaration - 12 Apr, 2024

Indian Oil Corporation Ltd's board meeting on April 30, 2024, may consider the declaration of final dividend for FY 2023-24. The trading window will remain closed from April 1 to May 2, 2024.

IOC's Profit Expected to Drop in Q4 FY24 - 11 Apr, 2024

Indian Oil Corporation is expected to see a 10.1% YoY drop in profit for the March quarter due to pump price cuts. Maharashtra Seamless has received two contracts worth Rs 116 crore from IOC.

IOCL Gains on Positive Analyst Expectations Despite CLSA Warning - 10 Apr, 2024

Despite CLSA's warning that rising crude and falling margins will be detrimental for OMCs ahead of the election, Indian Oil Corporation Ltd (IOCL) gained 2-3% and is expected to lead the Q4 show for the Oil and Gas sector according to analysts. A domestic brokerage also expects a YoY drop in profit at Rs 9,042 crore for the March quarter.

IOC Posts Robust Net Profit Amidst Cancelled Tenders and Resumed Supplies - 09 Apr, 2024

Indian Oil Corporation's shares were affected by rising crude prices while it posted a robust net profit of ₹69,000 crore for Apr-Dec 2023. IOCL also cancelled tenders for its green hydrogen plant amidst allegations of conflict of interest but resumed Avgas supplies.

IOC Shares Expected to Gain This Week - 08 Apr, 2024

Indian Oil Corporation (IOC) shares are expected to gain this week as per Zee Business panellist Sumeet Bagadia. The stock has given a multibagger return of over 199% in the last year and has the potential to cross the positional target of Rs 200.

Rising Crude Prices Affect Indian Oil Corp Shares - 05 Apr, 2024

Indian Oil Corporation Ltd (IOC) shares are affected by the rising crude prices globally, with every $1 increase potentially denting margins by 30-40 paise per litre.

IOC Relaunches Tender for Green Hydrogen Plant - 04 Apr, 2024

Indian Oil Corporation has relaunched tenders for its maiden green hydrogen plant, addressed concerns raised by developers, and withdrawn cases. Kotak Equities retains sell rating on HPCL, IOC & BPCL. Shares decline amid oil price rally and increased windfall tax.

IOC Plans Battery JV with Panasonic Energy; Fails to Renew Oil Supply Deal with Rosneft - 02 Apr, 2024

Indian Oil Corporation is planning a joint venture with Panasonic Energy to manufacture lithium-ion batteries in India. However, the company has failed to renew its oil supply deal with Rosneft due to disagreements over price and volume.

Indian Oil Signs Deal with Panasonic Energy for Lithium-Ion Cell Manufacturing - 01 Apr, 2024

Indian Oil Corporation has signed a binding term sheet with Panasonic Energy to manufacture Lithium-Ion Cells in India, aiming to improve self-reliance and fortify India's position in the global energy landscape. Additionally, ATF prices were cut in Delhi and Mumbai.

Indian Oil Corporation Ltd Stock Expected to Rise - 30 Mar, 2024

After a sharp rally from ₹90 to ₹196.8, Indian Oil Corporation's stock price started to moderate but found support at ₹155. The resistance at ₹172 is expected to be invalidated soon, leading to a potential rise to ₹195.

Indian Oil Approves Refinery Project JV and Awards Contract for EV Chargers - 28 Mar, 2024

Indian Oil Corporation Ltd approves a revised cost and increases its stake to 75% in the Nagapattinam refinery project JV with CPCL. The company also awards a contract to Zetwerk for over 1,400 EV chargers across India.

IOC Stock Remains Stable Amid Mixed Analyst Calls - 27 Mar, 2024

Indian Oil Corporation Ltd's stock remains stable as Citibank maintains a buy call with a target price of Rs 195, Nomura also recommends buying with the same target, while Macquarie downgrades it to underperform with a target of Rs 130. The company is also impacted by global events such as Indian refiners stopping purchases of Venezuelan crude oil.

IOC and BPCL Remain Preferred Picks Despite Fuel Price Cut - 26 Mar, 2024

Indian Oil Corporation Ltd (IOC) and Bharat Petroleum Corporation Ltd (BPCL) remain the preferred picks for Morgan Stanley despite recent fuel price cuts by OMCs. Integrated margins are tracking above mid-cycle, providing a positive outlook for both companies.

IOCL Faces Sell Call Amid Negative Marketing Margins - 22 Mar, 2024

Indian Oil Corporation Limited (IOCL) faces a sell call by CLSA due to potential negative marketing margins if crude prices exceed $80 per barrel. Additionally, Union Minister for Power has directed all gencos to secure gas supply through GAIL India Ltd or the spot market.

Mixed Views on IOCL Stock Amidst Government Price Cuts - 21 Mar, 2024

Indian Oil Corporation Ltd (IOCL) saw a drop in stock price following the Indian government's decision to cut petrol and diesel prices by Rs 2 per litre. While Nomura has upgraded IOCL and HPCL to buy, Australian brokerage Macquarie has downgraded OMC stocks. Kotak Institutional Equities maintains a sell stance on OMC stocks due to concerns over pricing freedom.

Nomura Upgrades IOCL Stock to Buy - 20 Mar, 2024

Nomura has upgraded Indian Oil Corporation Ltd (IOCL) stock to Buy from Neutral, with a target price of Rs 195. The overhang in OMC stocks is done and dusted while the refining outlook remains healthy. Daily revisions are likely to resume post-elections.

Mixed Sentiments Surround Indian Oil Corporation Stock Amid Retail Price Cuts - 19 Mar, 2024

Indian Oil Corporation (IOC) stock has been under pressure following the government's decision to cut retail prices of petrol and diesel, which could hurt profit margins. Analysts expect a negative stock price reaction for OMCs in the near term. However, IOC is among the Indian oil refiners purchasing US crude due to tighter enforcement of US sanctions crimping trade with Russia. Coal India and Gail (India) yielded strong dividends.

Morgan Stanley Maintains Overweight Rating on Indian Oil Corporation Ltd - 18 Mar, 2024

Morgan Stanley has maintained its overweight rating on Indian Oil Corporation Ltd (IOC) with a target price of Rs 191, expecting an earnings upcycle driven by above mid-cycle integrated margins. However, the recent retail fuel price cut may lead to an annual hit of ₹5,000 crore for IOC, as well as BPCL and IOCL.