28 Oct 2025 | 5 Mins Read
Indian Oil stock rises 1% on strong Q2 earnings
Flipitmoney
Indian Oil Corporation Ltd (IOC) shares rose over 1 percent after a 285% year-on-year jump in consolidated net profit to Rs 7,817.6 crore for Q2 FY26. Revenue rose 3.9% and EBITDA surged 320%. Brokerages, Morgan Stanley and Nomura, have a bullish outlook, citing robust refining margins and strong operational performance, with target prices of Rs 168 and Rs 160 per share respectively.