Key Events This Week
Feb 09: Stock opens at Rs.176.15, gaining 0.60%
Feb 11: New 52-week high at Rs.181.65
Feb 12: Intraday high of Rs.182.5, followed by intraday low amid price pressure
Feb 13: Week closes at Rs.176.75, down 0.81% on the day
Strong Start and Momentum Build-Up on 9 and 10 February
Indian Oil Corporation Ltd began the week on a positive note, opening at Rs.176.15 on 9 February, up 0.60% from the previous Friday’s close of Rs.175.10. This gain was in line with the Sensex’s 1.04% rise, reflecting a broadly optimistic market mood. The following day, 10 February, IOC continued its upward trajectory, climbing 1.14% to close at Rs.178.15, outperforming the Sensex’s more modest 0.25% gain. Volume also increased significantly to 979,234 shares, signalling growing investor interest.
These two days set the stage for a strong rally, with the stock trading comfortably above key moving averages, indicating sustained bullish momentum.
New 52-Week High on 11 February: Rs.181.65
On 11 February, Indian Oil Corporation Ltd reached a new 52-week high of Rs.181.65, closing at Rs.181.30, a 1.77% gain on the day. This marked the peak of a three-day consecutive rally, delivering a cumulative return of 3.54%. The stock’s performance outpaced the Sensex, which gained only 0.13% that day. This surge was supported by robust financial results, including record quarterly net sales of Rs.205,157.37 crore and operating profit (PBDIT) of Rs.22,745.39 crore.
Institutional investors’ confidence was evident, with holdings at 38.17%, and the company’s Mojo Score of 87.0 and upgraded Mojo Grade to Strong Buy underscored its strong fundamentals. The stock’s dividend yield of 4.49% further enhanced its appeal to income-focused investors.
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Intraday High and Subsequent Price Pressure on 12 February
On 12 February, IOC hit an intraday high of Rs.182.5, setting another 52-week peak. However, the stock faced significant selling pressure during the session, closing at Rs.178.20, down 1.71% from the previous close. The intraday low touched Rs.176.55, a 2.62% drop from the prior day’s close, signalling a clear reversal after the recent rally.
This decline outpaced the Sensex’s 0.56% fall, with IOC underperforming its sector by 1.62%. The broader market showed signs of caution, with the Sensex trading below its 50-day moving average despite a three-week upward trend. Profit-booking and sector-specific pressures contributed to the stock’s pullback, although it remained above all key moving averages, indicating the longer-term uptrend was intact.
Week Closes with Minor Loss on 13 February
The final trading day of the week saw IOC close at Rs.176.75, down 0.81% on the day amid continued market weakness. The Sensex declined 1.40%, reflecting a risk-off sentiment. Despite the day’s loss, the stock ended the week with a net gain of 0.94% from the previous Friday’s close, outperforming the Sensex’s 0.54% decline.
Volume remained elevated at over 1.1 million shares, suggesting sustained investor interest despite short-term volatility. The stock’s dividend yield of 4.41% and strong financial metrics continue to support its valuation.
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Daily Price Comparison: Indian Oil Corporation Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.176.15 | +0.60% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.178.15 | +1.14% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.181.30 | +1.77% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.178.20 | -1.71% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.176.75 | -0.81% | 36,532.48 | -1.40% |
Key Takeaways from the Week
Positive Signals: Indian Oil Corporation Ltd demonstrated resilience by hitting new 52-week highs on consecutive days, supported by strong quarterly financials including record net sales and operating profits. The stock’s dividend yield above 4.4% remains attractive for income investors. Institutional holdings at 38.17% and a Mojo Grade upgrade to Strong Buy reflect robust market confidence.
Cautionary Notes: The intraday price pressure and subsequent pullback on 12 February highlight short-term volatility and profit-booking risks. The stock’s underperformance relative to the sector on that day suggests sector-specific challenges. Additionally, the broader market’s decline towards the week’s end may weigh on near-term sentiment.
Conclusion
Indian Oil Corporation Ltd’s performance during the week ending 13 February 2026 was characterised by strong early momentum culminating in new 52-week highs, followed by a short-term correction amid cautious market conditions. The stock outperformed the Sensex over the week, supported by solid financial results and sustained institutional backing. While short-term volatility was evident, the longer-term uptrend remains intact, with valuation metrics and dividend yield underpinning the stock’s appeal. Investors should note the mixed signals from recent price action as the market navigates sector-specific and broader economic factors.
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