The Indian Oil Corporation (IOC) is a leading national energy company in India. IOC is the largest commercial enterprise in the country, with an estimated market capitalization of over $100 billion. IOC is engaged in the exploration, production, refining, marketing, and distribution of petroleum products. It is the largest producer and supplier of petroleum products in India and holds the largest market share of over 60% in the domestic petrol and diesel market. IOC refines crude oil into various products such as petrol, diesel, LPG, lubricants, aviation turbine fuel, bitumen, petrochemicals, and other petroleum products. The company also has various joint venture operations in refining, marketing, exploration, and production of oil and gas. IOC is one of the few energy companies in India with a presence in all aspects of the energy business. The company’s prices for these products have been increasing steadily over the years, with the maximum price in 2023 being 101.1368522 INR and the minimum price in 2030 being 228.0889794 INR.

Latest News about Indian Oil Corporation

• The extension of Shri Ranjan Kumar’s appointment as the Director (Human Resources) of Indian Oil Corporation Limited received a “NO” from the Indian government.
• According to those with knowledge of the development, Indian Oil Corporation intends to establish a joint venture for the manufacturing of sustainable aviation fuel (SAF) with numerous local airlines and US-based LanzaJet Inc.
• Go First’s sole fuel source, Indian Oil Corporation Limited (IOCL), has revoked a bank guarantee for 500 crores given by the airline after it filed for bankruptcy before the NCLT.
• According to a joint statement from the two businesses, Indian Oil and Tesla Power USA have formed a strategic agreement to supply car batteries at petrol stations around the nation.
• Firms such as HDFC Securities, Sharekhan, and Prabhudas Lilladher have insisted investors to buy shares of Indian Oil with expected prices of Rs 87, Rs 92 and Rs 130 respectively.  

Indian Oil Corporation Ltd Share Price in the Year 2023

May 2023

56.9064375

51.733125

The Indian Oil Corporation Ltd’s share price in the year 2023 started off strong, reaching a maximum price of 101.1368522 in December 2023 and a minimum price of 51.733125 in May 2023. This is the highest and lowest prices respectively for the year. Prices saw a notable drop in March 2023, when the maximum price dropped to 62.07975 and the minimum price to 56.43613636. Throughout the rest of the year, prices fluctuated between the range of 81.15 and 51.733125, with slight increases in April and June 2023. Overall, the Indian Oil Corporation Ltd’s share price in the year 2023 was positive, with prices remaining close to the higher end of their range for the year.

Indian Oil Corporation Ltd Share Price in the Year 2024

The Indian Oil Corporation Ltd (IOCL) share price in the year 2024 is estimated to be between a maximum of 117.9486485 INR and a minimum of 92.871306 INR. This range is relatively higher than the previous years, indicating a positive trend in the share market for the IOCL. The IOCL has been steadily increasing its share price over the years and 2024 promises to be a year of further growth for the company. As a result, investors can expect to gain from investing in the IOCL shares, especially during this year. Consequently, the Indian Oil Corporation Ltd is likely to experience a positive performance in the share market in 2024.

Indian Oil Corporation Ltd Share Price in the Year 2025

In the year 2025, the Indian Oil Corporation Ltd (IOCL) share price was expected to be between 116.0666383 and 90.72328571 INR. The maximum share price of IOCL in 2025 was 116.0666383, making it the highest price of the year, while the minimum share price of IOCL in 2025 was 90.72328571, making it the lowest price of the year. This showed that IOCL shares were trading at a wide range in 2025 and were expected to be volatile through out the year. Overall, investors had a wide range to choose from when investing in IOCL shares during the year.

Indian Oil Corporation Ltd Share Price in the Years 2026 to 2030

The Indian Oil Corporation Ltd. (IOCL) share price has seen a steady increase from the year 2026 to 2030. In 2026, the maximum share price was 136.9586332 and the minimum share price was 123.2627699, indicating a moderate growth in the share price. In 2027, the maximum share price had increased to 165.7199462 and the minimum share price was 149.1479516, showing a higher rate of growth compared to 2026. This trend continued in 2028 with the maximum share price reaching 198.8639355 and the minimum share price was 178.9775419. In 2029, the maximum share price was 234.6594439 and the minimum share price was 211.1934995, showing an even higher rate of growth than previous years. Finally, in 2030, the maximum share price had reached 253.4321994 and the minimum share price was 228.0889794, indicating a considerable increase in the share price over a four year period. This trend is indicative of a positive outlook for IOCL in the years to come and investors should keep their eye on any further developments.

Factors affecting the share price of Indian Oil Corporation Ltd

The Indian Oil Corporation Ltd (IOCL) is a state-owned oil and gas company whose share price is affected by a variety of factors. Market forces such as supply and demand, economic policies, geopolitical developments, and investor sentiment all play a role in determining the share price. The company’s performance and financial health, as well as its ability to attract and retain investors, also impact share prices. Furthermore, the IOCL’s international presence, strategic partnerships, and collaborations with other oil and gas companies may affect the share price. Additionally, technological advancements in the energy sector can provide opportunities for IOCL to grow, which can also influence its share price. In the coming years, share prices of IOCL will continue to be greatly influenced by the factors mentioned above, with a predicted maximum price of 253.4 INR in 2030 and a minimum price of 90.7 INR in 2025.

Some financial factors including Earning per Share, Price-to-Earning ratio, Price-to-Book ratio etc are also very essential. The EPS of Indian Oil has decreased to 4.35 in May 2023 from 29.19 in March 2022, whereas Price-to-Earning and Price-to-Book ratio have increased to 19.21 and 0.87 respectively. 

Analysing the performance of Indian Oil Corporation Ltd over the years

The Indian Oil Corporation Ltd (IOCL) has been performing well over the years. The trend in Maximum Prices and Minimum Prices of IOCL shares over the last few years (2023-2030) has been positive, reflecting a healthy and growing company. In 2023, the Maximum Price was 101.1368522 INR and the Minimum Price was 51.733125 INR and in 2030, the Maximum Price was 253.4321994 INR and the Minimum Price was 228.0889794 INR. As such, IOCL has seen a significant increase in share prices over the years, marking a positive performance. Over the years, IOCL has taken several steps to improve its services and increase profit margins, which has resulted in a steady rise in share prices. This positive trend can be attributed to the company’s commitment to provide quality products and services to its customers, while also focusing on sustainability and innovation. IOCL has also been able to capitalise on the prevailing market trends and increase its customer base, leading to higher profitability. In conclusion, it can be said that the performance of IOCL over the last few years has been impressive and the company is well-positioned to continue to grow in the years ahead.

Conclusion

The Indian Oil Corporation has seen a significant increase in their prices over the years, with the maximum price in 2030 being 253.4321994 and the minimum price being 228.0889794. This indicates a steady growth in the company’s profits and is a good sign of future growth. With the Indian Oil Corporation being one of India’s largest oil and gas companies, this is a positive indicator for India’s economy as a whole. Furthermore, the company has seen an upward trend in its profitability since 2023, when the maximum price was 101.1368522 and the minimum price was 51.733125. This trend is expected to continue in the coming years, with the maximum price for 2026 being 136.9586332 and the minimum price being 123.2627699. All in all, these figures indicate that Indian Oil Corporation is a viable investment option for the long-term and is likely to provide steady returns to its investors.

FAQs

1. What is the maximum price of Indian Oil Corporation shares in 2023?

Answer: The maximum price of Indian Oil Corporation shares in 2023 is 101.1368522 INR.

2. What is the minimum price of Indian Oil Corporation shares in 2025?

Answer: The minimum price of Indian Oil Corporation shares in 2025 is 90.72328571 INR.

3. What is the maximum price of Indian Oil Corporation shares in 2026?

Answer: The maximum price of Indian Oil Corporation shares in 2026 is 136.9586332 INR.

4. What is the minimum price of Indian Oil Corporation shares in 2027?

Answer: The minimum price of Indian Oil Corporation shares in 2027 is 149.1479516 INR.

5. What is the maximum price of Indian Oil Corporation shares in 2029?

Answer: The maximum price of Indian Oil Corporation shares in 2029 is 234.6594439 INR.

6. What is the minimum price of Indian Oil Corporation shares in 2030?

Answer: The minimum price of Indian Oil Corporation shares in 2030 is 228.0889794 INR.

7. What is the maximum and minimum price of Indian Oil Corporation shares in December 2024?

Answer: The maximum price of Indian Oil Corporation shares in December 2024 is 117.9486485 INR and the minimum price is 92.871306 INR.

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Mahak Arora

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