IOC

Shares of oil marketing companies surged as crude prices eased, with IOC up 8.2%, HPCL up 9%, and BPCL up 8.8%. The drop in Brent crude prices boosts refiners' margins and alleviates inflation concerns, improving sentiment and earnings outlook for these firms.

OMC stocks had gained in the opening deals after the government slashed excise duty on petrol to ₹3 a litre and exempted diesel, as it looks to neutralise the losses for these PSU companies from surging crude oil prices without raising retail prices.

ICICI Securities' analysis one-year forward multiples, over the last three crises, implies that OMC stocks can fall another 15-20% from here, especially if the conflict lingers for another 60 days.

OMC stocks — Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Limited (HPCL) and Bharat Petroleum Corporation Limited (BPCL) — lost 4-7% as oil prices rose to $114.

OMC stocks such as HPCL, IOC and BPCL crashed up to 9% on Monday amid a sharp spike in crude oil prices.

IOC Q3 Results: Refining margins surged on low prices of crude oil, the raw material IOC uses to make fuels like petrol and diesel. Fuel sales also rose 5 per cent in the quarter.

Stocks to buy under ₹200: Mehul Kothari of Anand Rathi recommends three stocks to buy or sell — Tata Steel, Lemon Tree Hotels, Indian Oil.

The Indian stock market closed lower, with Nifty 50 down 156 points and Sensex falling 466 points due to selling pressure and global uncertainty. Despite positive earnings forecasts, investor caution persisted, impacting sectors like healthcare and financial services.

IOC share price: Shares of Maharatna public sector undertaking (PSU) Indian Oil Corporation (IOC) extended gains to Tuesday's trading session following a robust performance for the quarter ended September 30.

IOC Q2 Results 2025 Highlights: Led by a low base, PSU oil company Indian Oil Corporation (IOC) is expected to post a multi-fold growth in profit after tax for the quarter ended September 2025.