IOC Share Price April 1, 2024: Indian Oil Corporation Share Price on NSE/BSE

IOC Share Price on NSE/BSE

On Monday, April 1, 2024, IOC Share Price is currently trading on ₹169.70. It has increased 1.16% from the previous closing price of ₹167.75. Today, in the morning the IOC share has opened at ₹169.95 and reached its day high of ₹171.00 at 09:35AM and after that fluctuations have been seen till now. Key details of IOC share price:

Day Range: ₹168.75 – ₹167.15

52-week high/low: ₹196.80 – ₹75.75

Share Volume: 25,141,774 shares traded

Market Capitalization: ₹2,36,88,38,00,000 (approximately 2.37 trillion)

Financial Matrices of Indian Oil Corporation (IOC) Stock

P/E Ratio: 4.92

Dividend Yield: 3.87%

Book Value Per Share: ₹95.86

Face Value: ₹10

Trailing Twelve Months (TTM) EPS Growth: 662.46% YoY

What is the full form of IOC?

The full form of IOC is an Indian Oil Corporation Limited. IOC is a natural oil and gas company which comes under ministry of Petroleum and Natural gas, Govt. of India.

Recent Announcement by Indian Oil Corporation Ltd. (IOC)

Indian Oil Corporation Ltd (IOCL) has recently announced a collaborative journey with Panasonic Energy to manufacture cylindrical lithium-ion cells in India. Both the companies have signed a binding letters of intent (LOI), following a head of agreement. Their main focus is to finalize this collaboration details by this summer and also focusing on making easier India’s clean energy transition. The move line up with growing demand for lithium-ion cells in electric vehicles and energy storage systems.

IOCL sees this as a step towards self-reliance and enhancing the domestic supply chain. This collaborative journey also supports IOCL’s goal of achieving net-zero carbon emissions by 2046. Exploiting Panasonic Energy’s expertise, the partnership aims to contribute to India’s energy transition while nurture sustainability.

IOC’s Comparative Analysis to its peers

In comparing Indian Oil Corporation Limited’s (IOC) financial performance and stock valuation with its peers, we assess key guidelines against industry benchmarks. Here’s how IOC load up against its equivalents:

Q3 Performance of Indian Oil Corporation Limited (IOC)

Indian Oil Corporation Limited is Government owned company is tied up in refinery business. The Company’s fragment mainly included in Petroleum Products sales, Petrochemicals sales and Other businesses.

In Q3 earnings, Indian Oil Corporation Limited (IOC) witnessed a meaningful rise in pre-tax earnings from sales of petroleum product, reaching ₹11,428.88 crore. For the Q3 of the fiscal year 2023-24, Indian Oil Corporation (IOC) announced an outstanding zoom in net profit. Single net profit stood at ₹8,063.39 crore for the period of October-December 2023-24. This marks a significant surge as compared to the ₹448.01 crore profit reported during the same period the previous year, while it represents a decrease from the earnings of ₹12,967.32 crore recorded in the previous quarter ending in September.

IOC Share Price Target for 2024-2025-2026 and 2030

Share price target of IOC for 2024, 2025, 2026 and 2030 are as given below. This target price given below is concluded based on its company’s financial performances of current and last years, its financial growth and some other factors like company’s future plans.

IOC Share Price Target for 2024

Share price target of IOC for 2024 could be suggested in the range of ₹265 – ₹365. This target price is just suggested because market fluctuate every day. If the market will bullish in the favors of IOC, then this target price can be up.

IOC Share Price Target for 2025

In 2025 we may see rise in the share prices of IOC due to escalation and market trends. Share price target of IOC for 2025 could be suggested in the range of ₹350 – ₹470.   

IOC Share Price Target for 2026

The share price target of IOC for 2026 could be in between ₹475 – ₹670 depends upon its growing performance and profitability.

IOC Share Price Target for 2030

In 2030 share price target for IOC can be suggested in the range of ₹1,700 – ₹2,500 depends upon its future prospects.

IOC Dividend 2024

IOC Dividend yield in 2024 is 1.74%. Every year if we invest ₹1000 in stock then it will be expected to generate ₹74.44 dividend yield.

IOC Dividend History

IOC has given Dividend/Share of ₹5.00 of Ex-Date Nov 10, 2023, Dividend/Share of ₹3.00 of Ex-Date Jul 28, 2023, Dividend/Share of ₹2.40 of Ex-Date Aug 11, 2022, Dividend/Share of ₹4.00 of Ex-Date Feb 9, 2022 and Dividend/Share of ₹5.00 of Ex-Date Nov 11, 2021.

IOC Share Price target tomorrow

Market trend goes ups and downs everyday during trading session. Today IOC share price has closed at ₹169.40. so, for tomorrow it could be ₹170.00 for upside trend and ₹167.00 for downside trend.

Frequently Ask Questions (FAQs)

What is IOC target price?

Share price target of IOC for 2024 could be suggested in the range of ₹265 – ₹365. In 2025 could be suggested in the range of ₹350 – ₹470.  The share price target of IOC for 2026 could be in between ₹475 – ₹670 and in 2030 it could be expected in between ₹1,700 – ₹2,500.

What is the future of IOC?

Based on the company’s financial performance and future growth plans, the share price of IOC is expected to increase in the coming years with a target range of Rs 265–365 in 2024, Rs 350–470 in 2025 Rs 475–670 in 2026, and Rs 1,700–2,500 in 2030.

Can we buy IOC share now?

Yes, you can buy IOC share now through a brokerage firm. Entry point for this stock is good because its intrinsic value is low and this stock is also not in overbought zone. It is also showing good signs of efficiency and profitability.

What is the price of IOC in 2025?

Share price target of IOC for 2025 could be suggested in the range of ₹350 – ₹470.   

What are the factors affecting IOC’s share price?

Several factors can affect the IOC’s share price and these factors are internal and external factors. Internal factors include financial performance, business operations, management decisions and dividend policy.

External factors include oil prices, economy conditions, global events, Environmental and Social Factors and competitions.

How has IOC performed in recent years?

In the last five years share price history of IOC’s revenue has raised per annum by 15.25%, slightly below the industry’s average growth rate of 15.87% and market share also slightly decreased from 31.07% to 30.19%

Is now a good time to invest in IOC share?

Yes, this is the right time to invest according to the experts. 30 Analysts has given their recommendations on IOC share ‘Buy’ opinion.

What is the history about Indian Oil Corporation Limited (IOC)

Indian Oil Corporation Limited is a Government owned company which was established in by the merger of Indian Oil Company Limited with Indian Refineries Limited. Industry has five segments including refinery segment.

Indian Oil refining has come a long way since they found oil in 1901. Back then, they only had one refinery plant in Digboi, which could produce half a million metric tons of oil per year. When India became independent in 1947, more modern refineries started explode up. The first big one was in Mumbai in 1954, built by a company known Esso. Other big companies like Burmah Shell and Caltex also set up refineries in Mumbai and Visakhapatnam. Since then, both the government and private companies have established more refineries, occasionally working together.

Disclaimer: The information provided is for informational purposes only and does not represent financial advice or guidance. Investing in the stock market involves essential risks, and individuals should conduct thorough research or seek professional guidance before making any investment decisions. The content reflects the market situation at the time of writing and is subject to change. The author and platform do not guarantee the accuracy or completeness of the information and shall not be responsible for any losses or damages occurs from actions taken based on the provided information.

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