Share of Indian Oil Corporation Limited (IOC) is currently trading at around Rs.88/- Existing as well as prospective investors are asking for IOC Share Price Target 2025 as well as target share price from 2023 to 2030. In this article, we will discuss about the business prospects and financial performance of Indian Oil Corporation Ltd and based on our discussion and analysis will tell you the IOC Share Price Target 2025 as well as target share price from 2023 to 2030.
Following are the frequently asked questions by the existing as well as prospective investors, about Indian Oil Corporation Limited :
- What will be the share price of IOC in 2025?
- What is the future target price of IOC?
- Is it good to invest in IOC?
- Can I buy IOC shares for long term?
Discussion & Analysis of Business & Financial performance of Indian Oil Corporation Limited:
Business and Financial Performance
IOCL is the largest oil refining and marketing company in India. It has a consolidated refining capacity of 80.55 million tonnes per annum (MMTPA) and a marketing network of over 56,000 retail outlets. The company also has a presence in the petrochemicals, fertilizers, and natural gas sectors.
IOCL’s financial performance has been strong in recent years. In the fiscal year 2022-23, the company reported a net profit of ₹28,700 crore (US$3.7 billion). This was a 24% increase from the previous year. The company’s revenue also increased by 24% to ₹2,90,000 crore (US$37.8 billion).
The strong financial performance of IOCL is due to a number of factors, including:
- The rising demand for petroleum products in India
- The company’s focus on operational efficiency
- The implementation of various cost-saving measures
Future Business Prospects
IOCL is well-positioned for future growth. The company has a strong track record of financial performance and a diversified business portfolio. It also has a strong marketing network and a presence in key growth markets.
The future business prospects of IOCL are positive. The company is expected to benefit from the rising demand for petroleum products in India and the growth of the Indian economy. IOCL is also expected to benefit from the government’s focus on renewable energy and the development of the natural gas sector.
In addition to its domestic business, IOCL is also expanding its international footprint. The company has a presence in a number of countries in Asia, Africa, and the Middle East. IOCL is expected to continue to expand its international business in the coming years.
Overall, the future business prospects of IOCL are positive. The company is well-positioned to benefit from the rising demand for petroleum products in India and the growth of the Indian economy. IOCL is also expected to benefit from the government’s focus on renewable energy and the development of the natural gas sector.
IOC Share Price Target 2023
Based on the above discussion and analysis, the share price of IOC may touch the level of around Rs.90-95 in 2023.
IOC Share Price Target 2024
Based on the above discussion and analysis, the share price of IOC is likely to touch the level of around Rs.100-105 in 2024
IOC Share Price Target 2025
Based on the above discussion and analysis, the share price of IOC is likely to remain in the range of Rs.110-115 in 2025.
IOC Share Price Target 2026
Based on the above discussion and analysis, the share price of IOC may touch the level of around Rs.120-125 in 2026.
IOC Share Price Target 2027
Based on the above discussion and analysis, the share price of IOC is likely to touch the level of around Rs.130-135 in 2027
IOC Share Price Target 2028
Based on the above discussion and analysis, the share price of IOC is likely to remain in the range of Rs.140-145 in 2028
IOC Share Price Target 2029
Based on the above discussion and analysis, the share price of IOC is likely to touch the level of around Rs.150-155 in 2029
IOC Share Price Target 2030
Based on the above discussion and analysis, the share price of IOC is likely to remain in the range of Rs.160-165 in 2030
Disclaimer: Share Prices are subject to market fluctuations and are dependent on several factors. These predictions are based on the current market conditions and the future market expectations. Investors are advised to take into consideration all these factors before making any investment in Capital Market. This article should not be treated as Investment advisory and is for general guidance purpose only. We keep revising our share price targets based on the latest information available with us. Please keep visiting our website regularly to keep yourself updated. MoneyInsight does not offer investment advice and does not encourage any action based on its content.
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