Indian Oil Share Price Target 2024, Indian Oil Share Price Today NSE BSE, Indian Oil Share Price History, Indian Oil Dividend History, Yield: Indian Oil share price traded in green territory in Thursday’s trading session after it opened gap-up at Rs 146.20 a share, up by 1.88 per cent from its previous close of Rs 143.50 apiece. The stock’s performance is line with the sector today.
Read More:- Tech Mahindra Shares Fall Over 6% After December Quarter Earning
The counter has been gaining for the last two days and has risen 3.49 per cent in the period. The PSU has reported a massive jump in its third quarter net profit compared to the year-ago period.
Indian Oil Share Price Target 2024
American broking firm Jefferies maintained ‘SELL’ on the New-Delhi based public sector undertaking whose operations are overseen by the Ministry of Petroleum and Natural Gas. The brokerage has raised the target price to Rs 135 per share.
Indian Oil Share Price Today NSE BSE
Indian Oil Corporation (IOC) share price quoted at Rs 144.35 a share on the BSE, up by 0.59 per cent, at the time of filing this report. The stock is higher than 20 day, 50 day, 100 day and 200 day moving averages but lower than 5 day moving averages. The delivery volume of 1.38 crore on 24 January has risen by 5.53 per cent against 5-day average delivery volume.
In volume terms, 126.48 lakh shares of the company were traded on the BSE generating a total turnover of Rs 181.47 crore. Over 87 lakh shares changed hands on the NSE in the early trade today. The company has a market cap of Rs 2,03,981.29 crore, as per BSE website. The shares of the company have a PE of 5.44x.
Read More:- Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On January 25
Indian Oil Share Price History
IOC share price has delivered 65.05 per cent returns in the last 90 days. In the last one year, it multiplied investors wealth by 75.21 per cent, making investors richer with massive gains. In the last three years, the scrip gave multibagger returns of a whopping 132.17 per cent, as per BSE Analytics.
Indian Oil (IOC) Dividend History
In 2023, the company announced dividend on two occasions, totalling to Rs 8. Earlier in 2022, the PSU distributed total dividend of Rs 6.4 on two occasions.
Indian Oil (IOC) Dividend Yield
The company has had a dividend yield of 5.57 per cent in the last 12 months at the current price.
Indian Oil (IOC) Q3 Results FY 24
The company’s standalone net profit of Rs 8,063.39 crore in October-December 2023-24 was higher than Rs 448.01 crore profit in the same period a year ago but lower than Rs 12,967.32 crore earnings in the preceding three months ended September 30, 2023, according to a stock exchange filing by the company.
Also Read– Gold Price Falls Today In India: Check 24 Carat Rate In Your City On January 25
Pre-tax earnings from sale of petroleum products soared to Rs 11,428.88 crore in the third quarter of the current fiscal compared to Rs 1,541.95 crore in the same period last year.
