SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Indian Oil Corporation gains on getting nod to form Wholly Owned Subsidiary in India

16 Mar 2023 Evaluate

Indian Oil Corporation is currently trading at Rs. 79.15, up by 0.44 points or 0.56% from its previous closing of Rs. 78.71 on the BSE.

The scrip opened at Rs. 78.76 and has touched a high and low of Rs. 80.15 and Rs. 78.76 respectively. So far 547261 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 90.71 on 22-Apr-2022 and a 52 week low of Rs. 65.20 on 29-Sep-2022.

Last one week high and low of the scrip stood at Rs. 80.15 and Rs. 77.22 respectively. The current market cap of the company is Rs. 111148.27 crore.

The promoters holding in the company stood at 51.50%, while Institutions and Non-Institutions held 38.17% and 10.33% respectively.

Indian Oil Corporation (IOC) has received approval from board of directors for formation of a Wholly Owned Subsidiary (WoS) in India, subject to approval of NITI Aayog, DIPAM etc. to operate in the domain of low carbon, new, clean and green energy businesses. The proposed WoS will focus and pursue Indian Qil’s low carbon and green energy business to meet the operational requirements of the net zero target and beyond. The board of directors at its meeting held on March 14, 2023 has approved the same.

IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.

Indian Oil Corp. Share Price

142.20 -2.05 (-1.42%)
30-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1430.85
Indian Oil Corp. 142.20
BPCL 300.45
HPCL 374.60
MRPL 167.65
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×