IOC Share Price Target: Hello friends! Today we are back with a new Stock Price Prediction. In this article, you will learn everything you need to know about Indian Oil Corporation Limited and IOC Share Price Target for 2022, 2023, 2024, 2025, 2027, 2029, and 2030. Let’s start with a brief introduction.
What is IOC or IOCL? Brief Introduction.
Table of Contents
IOCL and IOC are both the same brand. The full form of IOCL is Indian Oil Corporation Limited. It is an oil and gas refinery company operated by the Government of India, headquartered in New Delhi, India. IOCL is in the 142nd position in Fortune Global 500 as of December 2022. Indian oil established itself as the best refinery company in India by showing tremendous growth in the financial year 2020-2021. During this financial year, IOCL made more than $6 billion in profit, which was much better than other refinery companies.
If we talk about the company’s employees, about 32,000 employees work in it, and about 9% are women. IOCL mainly works in hydrocarbon, refining, crude oil, petroleum, petrochemicals, pipeline transportation and natural gas. Not only this, but IOCL has also ventured into the globalization of alternative energy operations.
Indian Oil Corporation has partnered with Israel to manufacture, develop and eventually sell aluminium air batteries used in electric cars. With these partnerships, the possibilities of a rapid increase in the rate of technological development in India have increased significantly.
IOCL has an application named SDMS IOCL, which is best for Business Partners and owners. It is also useful for normal citizens. Normal citizens can do gas refilling through this website. You must register and login if you also want to use SDMS IOCL. To know the complete process, you may check SDMS IOCL Login.
IOC Share Price Overview
| Company name | Indian Oil Corporation Limited |
| Company Short Name | IOCL Limited |
| Share Name | IOC |
| Industry | Oil and Gas |
| Established on | 30 June 1959 |
| Headquarters | New Delhi, India |
| Price Range in 2022 | 65 INR To 90 INR |
| Market Capitalization | 1.09 Trillion INR |
| Primary Exchange | NSE, BSE |
| Official Website | www.iocl.com |
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IOC Share Price Today | Current Market Price
On 2nd December 2022, the current market price of Indian Oil Corporation was 77.05 INR.
IOC Share Price Target 2023 To 2030
| Year | Minimum Price (INR) | Maximum Price (INR) | Average Price (INR) |
| 2022 | 65 | 75 | 72 |
| 2023 | 58 | 120 | 90 |
| 2024 | 150 | 200 | 175 |
| 2025 | 225 | 250 | 232 |
| 2026 | 240 | 280 | 265 |
| 2027 | 280 | 310 | 290 |
| 2028 | 300 | 350 | 325 |
| 2029 | 350 | 400 | 375 |
| 2030 | 425 | 475 | 455 |
IOC Share Price Target 2023 | IOC Share Price Forecast 2023
According to some analysts, IOC share price prediction can be a maximum of 120 INR and a minimum of 58 INR in 2023. The average price of IOC can be around 100 rupees in 2023.
| Year | Minimum Price (INR) | Maximum Price (INR) | Average Price (INR) |
| 2023 | 58 | 120 | 90 |
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IOC Share Price Target 2024 | IOC Share Price Forecast 2024
According to Global 500, Indian Oil Corporation is in the 142nd position. Every company can’t appear in the list of Global 500. IOCL does not work only on refineries; this company also works for gas marketing, petroleum, chemicals, charcoal, and transportation of pipelines.
| Year | Minimum Price (INR) | Maximum Price (INR) | Average Price (INR) |
| 2024 | 150 | 200 | 175 |
According to our technical analysis, the first target of IOC share price in 2024 can be 150 INR, and the second target can be 200 INR. This year IOC share can touch the figure of 200 INR for the first time.
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IOC Share Price Target 2025 | IOC Share Price Forecast 2025
Indian Oil Corporation plans to do something big by 2025 so that people can easily charge their electric vehicles. This section will discuss the IOC share price forecast for 2025.
| Year | Minimum Price (INR) | Maximum Price (INR) | Average Price (INR) |
| 2025 | 225 | 250 | 232 |
Based on the company’s growing popularity in the world and technical analysis, we predict the first target of IOC share price in 2025 will be 225 INR, and the second target will be 250 INR.
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IOC Share Price Target 2027 | IOC Share Price Forecast 2027
According to The Economic Times, Indian Oil Corporation Limited is planning for an alternative business in the field of energy. As an alternative energy source, the company is looking at green hydrogen. In addition, the company claims that from 2027 to 2028, it will produce 5 percent hydrogen, increasing to 10 percent by 2030.
If we talk about the last five years’ history of IOC shares, there are a lot of fluctuations in their price. Today, 2nd December 2022, there is a decline of about 43% in the last five years’ chart. In December 2017, the IOC share price was around 135 INR, and today it is 77 INR.
But for the last month, positive patterns have been formed in the Indian Oil Share Price Chart. In this situation, due to the technical and fundamental analysis of the company, experts believe that the future of IOC is bright and this stock can benefit long-term holders.
| Year | Minimum Price (INR) | Maximum Price (INR) | Average Price (INR) |
| 2027 | 280 | 310 | 290 |
According to analysts, the first target of IOC share price in 2027 can be 280 INR, and the maximum target can be 310 INR. IOC’s share price will likely remain around 290 INR for the year.
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IOC Share Price Target 2029 | IOC Share Price Forecast 2029
Indian Oil Corporation has seven primary businesses; Refinery, Marketing, Pipeline, Petrochemicals, R&D, Explosives and Cryogenics, Exploration and Production. The foreign subsidiaries of IOC are located in the USA, Netherlands, Sri Lanka, UAE, Mauritius, and Singapore. If we talk about the net profit of IOCL, then in the financial year 2020 to 2021, the company made a profit of more than $6 billion.
Based on the above information, we can determine how strong the company’s foundation is. Whenever a company’s base is strong, and its growth is considerable, its shares will be affected directly.
| Year | Minimum Price (INR) | Maximum Price (INR) | Average Price (INR) |
| 2029 | 350 | 400 | 375 |
That’s why experts believe that in 2029 IOC share price target will be 350 INR and 400 INR, and the average price will be 375 INR.
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IOC Share Price Target 2030 | IOC Share Price Forecast 2030
It is very difficult to predict the share price for 2030. But looking at the company’s excellent market capitalization, last financial year’s performance, and strong management, we can predict that IOC shares can benefit investors greatly in 2030.
| Year | Minimum Price (INR) | Maximum Price (INR) | Average Price (INR) |
| 2030 | 425 | 475 | 455 |
From the company’s records and some analysis, we have estimated that the first target of IOC share price in 2030 can be 425 INR, and the second target can be 475 INR, and if we talk about the average price, it can be 455 INR.
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Frequently Asked Questions (FAQs):
Is IOC share undervalued?
As of 3rd December 2022, the IOC share is undervalued based on its last five-year graph. At present, the price of IOC shares is very low, and it can be the best buying opportunity for investors if you have already invested, then hold to get good returns.
Will IOC give a bonus?
For its IOC shares, Indian Oil Corporation Limited announced in June 2022 that it would give shareholders a bonus of 1:2. For example, holding two shares of equity entitles you to one equity bonus.
What is IOC target price?
Based on some fundamental and technical analysis, the share price of IOC is predicted to be 120 INR in 2023.
IOC share is available on which platform?
IOC share is listed on NSE, BSE, and NSE NIFTY 50 and all prices are listed in INR. You may trade IOC on Upstox, Groww, Angel Broking, etc.
How to Buy IOCL Shares?
You may trade Indian Oil Corporation Limited (IOCL) shares in Upstox, Groww, Angel Broking, Samco, and more platforms.
Is IOC a good stock to buy?
Technical analysts believe that IOC is a good stock at a good price. IOC share is currently available between 70 and 77 INR but is expected to reach 475 INR in the near future.
Conclusion:
This article discusses the price prediction for IOC shares in 2023, 2025, 2027, 2029, and 2030. Some technical and fundamental analysis was used to develop this price forecast. It is a volatile market where essential news and rumours influence stock prices.
Undoubtedly, IOC is a good and potential stock, but investing in the stock market carries a financial risk. So, before investing, research properly and then take risks based on your risk capacity. You may write in the comment section below if you have anything to ask.
Thanks for reading!
