Floral Pattern
Floral Pattern

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.

Floral Pattern
Floral Pattern

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.

Floral Pattern
Floral Pattern

Q3 Performance of Indian Oil Corporation Limited (IOC)

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.

Floral Pattern
Floral Pattern

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 Share Price Target

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Floral Pattern

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.

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

Floral Pattern
Floral Pattern

Disclaimer

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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.