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Indian Oil Corporation Ltd (IOCL) is one of India’s largest state-owned oil and gas companies. Established in 1959, it plays a crucial role in the country’s energy sector, managing the refining, transportation, and distribution of petroleum products. Indian Oil is involved in the entire value chain, from refining crude oil to producing fuels, lubricants, and petrochemicals. Indian Oil Share Price on NSE as of 9 November 2024 is 140.30Ìý±õ±·¸é. Here will provide you more details on Indian Oil Share Price Target 2024, 2025, 2026 to 2030.

Indian Oil Corporation Ltd: Market Overview

• Open Price: ₹143.81
• High Price: ₹144.39
• Low Price: ₹140.00
• Previous Close: ₹144.15
• Volume: 15,316,464
• Value (Lacs): ₹21,495.13
• VWAP: ₹141.13
• UC Limit: ₹158.56
• LC Limit: ₹129.73
• P/E ratio: 11.01
• Div yield: 8.55%
• 52-wk high: ₹196.80
• 52-wk low: ₹97.40
• Mkt cap: ₹1.98³¢°ä°ù
• Face Value: ₹10

Indian Oil Corporation Ltd Competitors

Here are five competitor companies of Indian Oil Corporation Ltd (IOCL) along with their approximate market capitalizations:

1. Reliance Industries Ltd (Oil & Gas Division)
   • Market Capitalization: ~₹16.6 lakh crore
   • A major player in oil refining and petrochemicals, Reliance Industries competes with IOCL in refining, fuel retailing, and petrochemical production.
2. Bharat Petroleum Corporation Ltd (BPCL)
   • Market Capitalization: ~₹80,000 crore
   • BPCL is another state-owned oil refining and marketing company in India, competing with IOCL in fuel retailing and distribution.
3. Hindustan Petroleum Corporation Ltd (HPCL)
   • Market Capitalization: ~₹43,000 crore
   • HPCL is a key competitor in the refining and distribution of petroleum products, operating a vast network of fuel stations across India.
4. Oil and Natural Gas Corporation (ONGC)
   • Market Capitalization: ~₹2.4 lakh crore
   • While ONGC focuses primarily on oil exploration and production, it competes with IOCL in the broader energy sector, especially in crude supply.

5. GAIL (India) Ltd

   • Market Capitalization: ~₹70,000 crore
   • GAIL specializes in natural gas processing and distribution, providing competition to IOCL in the area of gas supply and energy solutions.

Indian Oil Share Price Chart

Indian Oil Share Price Target Tomorrow 2024 To 2030

Indian Oil Share Price Target 2024

Indian Oil share price target 2024 Expected target could be ₹175. Here are three key factors affecting the growth of Indian Oil Corporation Ltd (IOCL) share price target for 2024:

• Crude Oil Prices: The fluctuations in global crude oil prices significantly affect IOCL’s profitability. If crude prices rise, refining costs increase, which could impact margins unless passed on to consumers. Stable or declining crude prices may positively influence profitability and support share price growth.
• Government Policies and Subsidies: Being a state-owned enterprise, IOCL is influenced by government regulations, such as fuel pricing, taxes, and subsidies. Favorable policies, like deregulation of fuel prices or reduced taxation, could enhance profits, while unfavorable policies may limit growth prospects in 2024.

• Expansion into Clean Energy: IOCL’s efforts to diversify into renewable energy, biofuels, and electric vehicle (EV) infrastructure will be crucial for long-term growth. Progress in these areas could boost investor confidence, positioning the company for future growth and positively affecting its share price in 2024.

Indian Oil Share Price Target 2025

Indian Oil share price target 2025 Expected target could be ₹270. Here are three key factors that could affect the growth of Indian Oil Corporation Ltd (IOCL) share price target for 2025:

• Refining Capacity Expansion: IOCL’s plans to upgrade and expand its refining capacity will play a major role in its growth. Increased capacity and modernization of refineries to produce cleaner fuels could enhance profitability and boost its competitive edge, positively impacting share prices by 2025.
• Shift to Renewable Energy: As India accelerates its transition to cleaner energy, IOCL’s investments in alternative energy sources such as biofuels, hydrogen, and electric vehicle (EV) charging infrastructure will be key growth drivers. Successful execution of these green initiatives could drive investor confidence and support share price growth in 2025.
• Global Economic Conditions: The state of the global economy, including demand for oil and petrochemicals, will impact IOCL’s earnings. A strong global demand recovery, especially in emerging markets, could lead to increased sales and revenue, benefiting the company’s financial performance and share price. Conversely, a global slowdown could pose challenges.

Indian Oil Share Price Target 2030

Indian Oil share price target 2030 Expected target could be ₹741. Here are three key factors that could affect the growth of Indian Oil Corporation Ltd (IOCL) share price target for 2030:

• Energy Transition and Green Investments: By 2030, IOCL’s success in shifting towards renewable energy sources like solar, hydrogen, and biofuels will be a crucial growth factor. Investments in sustainable energy infrastructure and reducing dependency on fossil fuels will position IOCL as a long-term player in the green energy market, supporting its share price growth.
• Technological Innovations in Refining: Advances in refining technologies and the adoption of cleaner, more efficient processes will impact IOCL’s profitability. Upgrading refineries to meet stricter environmental standards and improve efficiency could reduce costs and increase margins, enhancing the company’s financial performance and share price over the long term.

• Geopolitical and Regulatory Environment: Geopolitical factors like oil supply disruptions, trade policies, and global climate agreements will influence IOCL’s operations. In addition, evolving government regulations related to energy policies, taxation, and environmental sustainability will play a key role in shaping IOCL’s business strategy and long-term growth, affecting its share price in 2030.

Indian Oil Corporation Ltd Shareholding Pattern

• Promoter: 51.5%
• FII: 7.9%
• DII: 30%
• Public: 10.6%

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Indian Oil Corporation Ltd Financials

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