NSE: IOC · 2 November 2026
- Indian Oil Corporation Ltd (IOC) shares gained 3.41% on Monday, closing at ₹134.59 compared to its previous close of ₹130.15. The stock opened at ₹133.06 and moved within an intraday range of ₹132.51 to ₹136.40.
- Indian Oil Corporation announced that key senior management personnel, including Shri Subrat Kar (Executive Director for Planning & Economic Studies) and Dr. Alex C Pulikottil (Executive Director for Petrochemical & Catalyst), superannuated from the company's services on October 31, 2026. The disclosure was made under Regulation 30 of the SEBI Listing Regulations.
- Trading volume was 2.58 times the 20-day average daily volume.
Why is Indian Oil Corp share price rising on 2 November 2026?
Indian Oil Corporation Ltd (IOC) shares gained 3.41% on Monday, closing at ₹134.59 compared to its previous close of ₹130.15. The stock opened at ₹133.06 and moved within an intraday range of ₹132.51 to ₹136.40.
The broader market demonstrated positive momentum as the Nifty index advanced 1.68%. Sectorally, the Nifty Energy benchmark outperformed with a strong gain of 3.92%. Over the preceding periods, IOC recorded a 5-day return of 2.86% and a 20-day return of 2.47%.
Recent developments include the filing regarding the superannuation of senior management personnel, including Shri Subrat Kar (Executive Director, Planning & Economic Studies) and Dr. Alex C Pulikottil (Executive Director, Petrochemical & Catalyst), effective October 31, 2026. Additionally, the company recently reported its financial results for the quarter and half-year ended September 30, 2026, alongside ongoing updates on major refinery expansions and capital expenditure projects across Panipat, Gujarat, and Barauni slated for completion by December 2026.
2.30 crore shares traded by 2 November 2026 · 03:30 PM IST. This compares with a 20-day average daily volume of 89.03 lakh shares (2.58 times). The five-day average daily volume was 96.60 lakh shares. Separately, the NSE report for 2 November 2026 showed 1.10 crore shares delivered, representing 47.86% of that day’s traded volume. The same report recorded 102,427 trades.
The stock's upward movement of 3.41% occurred alongside strong participation in the Nifty Energy sector benchmark, which advanced 3.92%. Heavy trading volume at over 2.58 times the 20-day average supported the price action following recent operational and earnings disclosures.
Latest Company Developments
Indian Oil Corporation announced that key senior management personnel, including Shri Subrat Kar (Executive Director for Planning & Economic Studies) and Dr. Alex C Pulikottil (Executive Director for Petrochemical & Catalyst), superannuated from the company's services on October 31, 2026. The disclosure was made under Regulation 30 of the SEBI Listing Regulations.
Changes at the senior leadership level reflect routine organizational transitions in key technical and strategic departments.
The company submitted its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. Standalone revenue from operations for the quarter stood at ₹2,62,935.58 crore, with a net profit of ₹21,630.03 crore and an average gross refining margin of $18.52 per barrel net of SAED.
Quarterly financial performance provides foundational visibility into the company's refining margins, revenue generation, and bottom-line trajectory.
Following the amendment of its Memorandum of Association and alignment with National Industrial Classification (NIC) Code 2008, the company's Corporate Identification Number (CIN) was updated by the Ministry of Corporate Affairs from L23201MH1959GOI011388 to L19201MH1959GOI011388.
This administrative update correctly categorizes the company's primary industrial classification under updated regulatory standards without altering core operations.
'Revised Investors handout for unaudited financial results for the quarter and halfyear ended 30th September 2026'.
The exchange sought clarification from the company regarding a recent media report. Such a request is a verification step and does not by itself confirm the reported issue.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 3.16% on 30 September 2026. This compares with 2.71% on 30 June 2026, a change of +0.45 percentage points.
The filing reported 39 MF/UTI holders.
What to Watch Next
- Execution progress of major refinery expansion projects at Panipat, Gujarat, and Barauni targeting completion by December 2026.
- Developments regarding the reconstitution of board committees and appointment of independent directors.
- Movement in gross refining margins and crude oil price trends.
- Sustained delivery percentage and cash volume participation relative to the 20-day average volume of 2.58x.
Other Dated Coverage
- Indian Oil Corp Share Price Today: Why IOC Is Falling 1.44% | 23 October 2026 — 23 October 2026
- Why IOC Shares Fell 2.66% Today Near 52-Week Lows | 1 October 2026 — 1 October 2026
- Why IOC Shares Rose 2.74% Today: Price & Volume Analysis | 30 September 2026 — 30 September 2026
More Indian Oil Corp news and dated analysis →
Frequently Asked Questions
What is the latest Indian Oil Corp company news?
Indian Oil Corporation announced that key senior management personnel, including Shri Subrat Kar (Executive Director for Planning & Economic Studies) and Dr. Alex C Pulikottil (Executive Director for Petrochemical & Catalyst), superannuated from the company's services on October 31, 2026. The disclosure was made under Regulation 30 of the SEBI Listing Regulations.
How strong was Indian Oil Corp’s trading volume?
2.30 crore shares traded, 2.58 times the 20-day average daily volume. The price and volume data are dated 2 November 2026 · 03:30 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.