140.3400 -2.65 (-1.85%)
NSE Jun 13, 2025 15:31 PM
Volume: 23.7M
 

140.34
-1.85%
Motilal Oswal
IOCL reported numbers that were largely in line with our estimates as better than estimated GRM (USD12/bbl) balanced lower than estimated marketing margin (INR3.4/lit); refining throughput and marketing sales volumes were also in line with our estimate. Singapore GRM stood at an average of USD6.0/bbl in Jan'22, as demand continued to outweigh supply. Gross marketing margins stand at INR3.5/5.7/lit for Petrol/Diesel in 2HFY22 YTD due to spurt in Brent prices. However, current prices would result in these suppressing to INR1-2/lit....
Indian Oil Corporati.. has an average target of 153.67 from 6 brokers.
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