Disclaimer:

This article is for informational purposes only and does not constitute financial advice. Please conduct your research or consult a financial expert before making any investment decisions.

Indian Oil Corporation (IOC) is in focus today as its stock trades between ₹129-131 and ₹140-145. The oil and gas giant has been showing steady movement, attracting investor attention.

Why is IOC Gaining Interest?

1. Strong Fundamentals: IOC remains one of India's largest oil refiners and fuel retailers, ensuring a stable business outlook.

2. Crude Oil Price Fluctuations: Changes in global crude prices impact IOC’s margins, making it a key stock to watch.

3. Government Policies: As a PSU, IOC benefits from favorable government regulations and subsidies, supporting its long-term stability.

4. Dividend Potential: Historically, IOC has rewarded investors with consistent dividends, making it attractive for long-term holders.

Analysts are closely monitoring the ₹129-131 and ₹140-145 levels for potential breakout or consolidation patterns. If IOC sustains momentum, it could witness further upside.