SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Indian Oil Corporation gains on getting nod to make additional investment in Hindustan Urvarak and Rasayan

18 Sep 2023 Evaluate

Indian Oil Corporation is currently trading at Rs. 92.89, up by 0.93 points or 1.01% from its previous closing of Rs. 91.96 on the BSE.

The scrip opened at Rs. 92.36 and has touched a high and low of Rs. 93.10 and Rs. 91.80 respectively. So far 460540 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 101.44 on 10-Jul-2023 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. 95.90 and Rs. 91.05 respectively. The current market cap of the company is Rs. 130918.00 crore.

The promoters holding in the company stood at 51.51%, while Institutions and Non-Institutions held 38.71% and 9.76% respectively.

Indian Oil Corporation has accorded approval for additional investment of Rs 903.52 crore in Hindustan Urvarak and Rasayan (HURL), a Joint Venture of IndianOil incorporated for setting up of fertilizer plants at Gorakhpur, Sindri and Barauni. The Board of the company at its meeting held on September 15, 2023, has approved the same.

Indian Oil Corporation 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

147.55 0.15 (0.10%)
22-Apr-2026 11:05 View Price Chart
Peers
Company Name CMP
Reliance Industries 1363.50
Indian Oil Corp. 147.55
BPCL 315.50
HPCL 383.10
MRPL 186.05
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:

×