Is IOCL Ready To Soar? Choice Broking’s Analyst Points To Rs 160 Target; Time To Buy For Rs 3 Dividend Payout?

With a market value of Rs 2.10LCr, Indian Oil Corporation Ltd.'s (IOCL) shares concluded Monday's trading session on the NSE 3.75% higher at Rs 148.65 per share. The stock has recently shown a significant reversal from lower levels by forming a bullish candle on the daily timeframe. This followed the release of Indian Oil Corporation's final dividend recommendation for FY25 and strong Q4 earnings. The Relative Strength Index (RSI), which is now rising and at 69.73, shows that bullish sentiment is growing and momentum is getting stronger. The technical prognosis for the stock prior to the record date for dividend distribution is as follows.

IOCL Dividend

Subject to shareholder approval at the company's upcoming Annual General Meeting (AGM), the Board has recommended a final dividend of 30% for the year 2024-2025, or Rs. 3.00 per equity share of face value Rs. 10/-each on the paid-up share capital. In due time, the record date for the final dividend payment will be decided and announced, according to IOCL.

IOCL Q4 Results

The company's consolidated net profit for the fourth quarter (Q4) of the fiscal year 2024-25 (FY25) climbed by 58% to Rs 8,123.64 crore from the Rs 5,148.87 crore recorded at the same period last year. Consolidated revenue from operations for the quarter ended in March 2025 was Rs 2,21,360.24 crore, up from Rs 2,23,649.85 crore in Q4FY24. In Q4 FY25, net consolidated expenses were Rs 2,12,834.10 crore, down 2% from Q4 FY24's Rs 2,17,915.98 crore.

EBITDA increased 21.18% from Rs. 13,423.96 crore in Q4FY24 to Rs. 16,267.17 crore in Q4FY25. Compared to the Rs 41,729.69 crore recorded at the end of FY24, India Oil's consolidated net profit for the entire fiscal year 2024-2025 amounted to Rs 13,507.84 crore, a 68% drop. Consolidated revenue from operations dipped from Rs 8,81,235.45 crore in FY24 to Rs 8,59,362.73 crore in FY25.

IOCL Share Price Target

"IOCL having formed a strong bullish candle on the daily timeframe, indicating a robust reversal from lower levels. The stock is showing signs of a breakout from its recent consolidation range and is also forming a classic Rounding Bottom pattern, which typically signals a bullish trend reversal. This price action is supported by a noticeable increase in trading volumes, adding conviction to the breakout attempt and reflecting growing market interest. A decisive move above the ₹145 mark will be key to confirming the breakout, potentially setting the stage for a rally toward the ₹160 level in the short to medium term," said Hardik Matalia - Derivative Analyst at Choice Broking.

"The Relative Strength Index (RSI) is currently at 69.73 and trending upwards, indicating strengthening momentum and improving bullish sentiment. From a moving average perspective, IOC has successfully crossed above all its key EMAs-short-term (20-day), medium-term (50-day), and long-term (200-day)-further validating the strength of the ongoing trend and providing broad-based support across timeframes," the analyst added.

"Short-term traders can look for buying opportunities to capture near-term gains but should maintain a strict stop-loss at ₹135 on a closing basis. Long-term investors may also consider accumulating the stock, especially on any dips, given the positive technical structure and emerging strength," Hardik Matalia further recommended.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.