Stocks To Buy: Nomura's top OMC pick has the potential to rise another 33%
Nomura has reiterated its 'Buy' rating on Indian Oil Corporation (IOC), setting a target price of ₹190 and implying a 36% upside. The brokerage firm identified IOC as its top pick among oil marketing companies, citing its superior refining exposure and reduced reliance on fuel marketing compared to peers, which is expected to help it navigate ongoing pressures from elevated crude oil prices and fuel marketing losses.
May 20 2026 08:05:00
IOC Q4 results: Cons PAT surges 78% YoY to Rs 14,458 crore, revenue rises 7%
Indian Oil Corporation reported a significant surge in its consolidated Profit After Tax (PAT) by 78% year-on-year, reaching ₹14,458 crore for the fourth quarter of FY24. The company also saw a 7% year-on-year increase in its revenue for the same period.
May 18 2026 22:05:00
Indian Oil Corporation Limited
Indian Oil Corporation Limited's board recommended a final dividend of Rs.1.25 per equity share for the financial year 2025-2026. The record date for the dividend will be announced later.
May 18 2026 22:05:00
Indian Oil Corporation Ltd - 530965 - Formation Of Joint Venture Company For Setting Up 100 KTPA HEFA-Based Sustainable Aviation Fuel Project At Paradip.
Indian Oil Corporation's board approved a 50:50 Joint Venture with M11 Energy Transition for a Rs.1,063.60 crore Sustainable Aviation Fuel project. The project aims to set up a 100 KTPA HEFA-based plant at Paradip, enhancing the company's footprint in green energy.
May 18 2026 21:05:00
Indian Oil Corporation Ltd - 530965 - Corporate Action-Board approves Dividend
Indian Oil's Board recommended a final dividend of ₹1.25 per equity share for FY26. This payout is subject to shareholder approval at the upcoming AGM and will be disbursed within 30 days of declaration.
May 18 2026 21:05:00
Indian Oil Corporation Limited
Indian Oil Corporation's board approved a 50:50 Joint Venture with M11 Energy Transition Pvt. Ltd. for a new 100 KTPA HEFA-based Sustainable Aviation Fuel Project at Paradip, estimated at Rs.1,063.60 crore. This strategic move aims to expand into sustainable energy solutions.
May 18 2026 21:05:00
Indian Oil Corporation Limited
Indian Oil Corporation's board approved a 50:50 Joint Venture with M11 Energy Transition Pvt. Ltd. for a new 100 KTPA HEFA-based Sustainable Aviation Fuel Project at Paradip, estimated at Rs.1,063.60 crore. This strategic move aims to expand into sustainable energy solutions.
May 18 2026 21:05:00
Indian Oil Corporation Ltd - 530965 - Board Meeting Outcome for Outcome Of The Board Meeting:
(I) Audited Financial Results (Standalone And Consolidated) For The Quarter And Year Ended 31St March 2026 (Ii) Final Dividend For The Year 2025-26
Indian Oil Corporation reported Q4 FY26 standalone revenue of ₹2.33 lakh crore, a 7% YoY increase, with net profit rising 56.6% to ₹11,377.51 crore. The Board also recommended a final dividend of ₹1.25 per equity share for FY26.
May 18 2026 21:05:00
Indian Oil Corporation Limited
Indian Oil Corporation Limited's bank facilities have been reaffirmed with strong credit ratings by ICRA. The long-term facilities received '[ICRA] AAA' and short-term facilities '[ICRA] A1+', both carrying a stable outlook, reflecting sound financial stability.
May 16 2026 11:05:00
Indian Oil Corporation Ltd - 530965 - Announcement under Regulation 30 (LODR)-Credit Rating
Indian Oil Corporation's long-term bank facilities credit rating has been reaffirmed at [ICRA] AAA with a stable outlook by ICRA Limited. Its short-term bank facilities are rated [ICRA] A1+, reflecting strong financial health.
May 16 2026 11:05:00
Read More