Indian Oil Corporation share price today gained marginally by 0.22% on Bombay Stock Exchange as Sensex zoomed massively for 3rd consecutive day by 1519.63 points to 78,563.92 points in late afternoon trade on April 17, 2025. The large cap Maharatna public sector undertaking will hold meeting of Board of Directors on April 30, 2024 to consider financial results for the quarter ended March 31, 2025. The PSU will also consider declaration of dividend for FY 2024-25. IOC share price stood at Rs 134.15 per share on BSE. It is worth noting here that Life Insurance Corporation Of India has 6.43% stake in IOC with 908,009,660 shares of the OMC (Oil Marketing Company) as of March 2025 quarter. The company has a market capitalisation of Rs 1,89,365.81 crore. The stock offers a return on equity of 6.04%. Check more details below:
IOC To Announce Results, Dividend
According to the exchange filing of the large cap PSU dated April 17, 2025, “Board Meeting of the Company is scheduled on Wednesday, 30″ April 2025, inter alia, to consider and approve Standalone as well as Consolidated Audited Financial Results of the Company for the quarter and year ended 31% March 2025. It is also hereby informed that Board may consider declaration of dividend for the financial year 2024-25, if any, at the aforesaid Board Meeting.” The company has yet to issue record date for dividend.
IOC Dividend History
IOC recommended 37 dividends since 2003. In last 1-year, Indian Oil Corporation announced an equity dividend of Rs 7.00 per share. The PSU offers a dividend yield of 5.21%.
IOC Share Performance
The 52-week high price of Indian Oil Corporation Ltd share price on BSE is Rs 185.95 per share (as on 30/07/2024) and 52-week low price is Rs 110.75 per share (as on 03/03/2025), respectively. Indian Oil Corporation Limited share price gained 7.97% in last 1-month, rose 4.64% in last 3-months, and slipped 20.67% in last 1-year. In last 2-years, Indian Oil Corporation shares rose 73.66% and offered returns of 133.79% in last 5-years.
IOC Share Price Target 2025
According to brokerage firm Motilal Oswal, investors have been recommended to buy IOC shares with target price of Rs 145 per share.
IOC Financials Compared With Peer Group
The company for the December 2024 quarter declared its profit after tax (PAT) at Rs 2873.53 crore. On the other hand, RELIANCE declared its PAT at Rs 8,721.00 crore, BPCL reported a PAT of 4,649.20 crore, and HINDPETRO announced a PAT of 3,022.90 crore, for the similar quarter.
Indian Oil Corporation About
Indian Oil Corporation Ltd is India’s largest commercial ISO-9002 certified enterprise, is the highest ranked Indian company in the prestigious Fortune ‘Global 500’ listing. IOCL is the 20th largest petroleum company in the world, according to its official website.
Disclaimer: The stock has been picked from the brokerage report of Axis Direct. Moneydaily.in, the author, and the respective brokerage house will not be held accountable for any losses caused as a result of decisions based on the article. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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