Key Events This Week
Feb 23: Significant open interest surge signalling bullish market positioning
Feb 25: Indian Oil Corporation Ltd hits new 52-week high at Rs.183.3
Feb 26: New 52-week high at Rs.184.1 amid steady gains
Feb 27: Week closes at Rs.187.55 after hitting Rs.188.4 intraday high
Feb 23: Surge in Open Interest Signals Bullish Positioning
Indian Oil Corporation Ltd began the week with a notable 1.35% gain to close at Rs.176.45, supported by a 14.95% surge in open interest in its derivatives segment to 44,842 contracts. This increase in open interest, alongside a futures volume of 27,009 contracts and a combined futures and options value exceeding ₹9.35 lakh crore, indicated heightened investor interest and bullish market positioning. The stock outperformed the Sensex’s 0.39% gain and traded near its 52-week high, reflecting strong price momentum and technical strength above all key moving averages.
Investor participation was robust, with delivery volumes rising by 9.87% over the five-day average, signalling growing confidence. The stock’s liquidity supported trade sizes up to ₹3.37 crore, facilitating smooth execution for institutional and retail investors alike. This combination of technical and fundamental factors set a positive tone for the week ahead.
Crushing the market! This Small Cap from Aerospace & Defense just earned its spot in our Top 1% with impressive gains. Don't let this opportunity slip through your hands.
- - Recent Top 1% qualifier
- - Impressive market performance
- - Sector leader
Feb 25: New 52-Week High at Rs.183.3 Reflects Strong Momentum
On 25 February, IOC’s share price surged 1.58% to close at Rs.183.00, marking a new 52-week high of Rs.183.3 intraday. This milestone capped a three-day consecutive gain streak, delivering a cumulative return of 4.54%. The stock outperformed its oil sector peers by 0.72% and the Sensex, which rose 0.83% that day. This rally was underpinned by strong financial performance, including a 16.33% annual net sales growth and a 74.28% increase in net profit in the latest quarter.
Key quarterly metrics such as operating profit to interest ratio at 10.89 times and PBDIT of Rs.22,745.39 crore highlighted operational efficiency. The stock’s valuation remained attractive with a ROCE of 10.6% and a dividend yield of 4.44%, supporting investor appeal. Institutional holdings stood at 38.17%, reflecting confidence from professional investors. The company’s Mojo Score of 87.0 and upgrade to Strong Buy further reinforced the positive outlook.
Feb 26: Continued Gains and New High at Rs.184.1 Amid Market Volatility
IOC extended its rally on 26 February, gaining 1.91% to close at Rs.186.50 and hitting a new 52-week high of Rs.184.1 intraday. The stock’s steady ascent over four sessions resulted in a 5.43% return during this period. Despite the Sensex’s modest 0.19% gain, IOC maintained its technical strength, trading above all major moving averages. The company’s strong fundamentals, including a 133.9% increase in profit before tax excluding other income and a 113.7% rise in quarterly PAT, supported the price momentum.
Institutional investors continued to hold a significant stake of 38.17%, underscoring confidence in the company’s prospects. The stock’s valuation metrics and dividend yield of 4.37% remained attractive, contributing to sustained investor interest amid a mixed market backdrop.
Indian Oil Corporation Ltd caught your attention? Explore our comprehensive research report with in-depth analysis of this large-cap stock – fundamentals, valuations, financials, and technical outlook!
- - Comprehensive research report
- - In-depth large-cap analysis
- - Valuation assessment included
Feb 27: Resilience Amid Market Weakness as IOC Hits Rs.188.4
Closing the week on 27 February, IOC’s stock price rose 0.56% to Rs.187.55, reaching a new 52-week high of Rs.188.4 intraday. This marked five consecutive days of gains, delivering a cumulative return of 7.87%. The stock outperformed the Oil sector by 1.29% and demonstrated resilience despite the Sensex falling 1.16% that day. IOC’s price remained comfortably above all key moving averages, signalling sustained positive momentum.
Over the past year, IOC has delivered a total return of 60.84%, far exceeding the Sensex’s 9.63% gain. The company’s strong fundamentals, including a 16.33% annual net sales growth, 32.05% operating profit increase, and a high dividend yield of 4.29%, continue to support its market-leading position. Institutional holdings remain robust at 38.17%, and the Mojo Grade upgrade to Strong Buy reflects the stock’s improved quality and performance metrics.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-23 | Rs.176.45 | +1.35% | 36,817.86 | +0.39% |
| 2026-02-24 | Rs.180.15 | +2.10% | 36,530.09 | -0.78% |
| 2026-02-25 | Rs.183.00 | +1.58% | 36,679.75 | +0.41% |
| 2026-02-26 | Rs.186.50 | +1.91% | 36,748.49 | +0.19% |
| 2026-02-27 | Rs.187.55 | +0.56% | 36,322.56 | -1.16% |
Key Takeaways
Strong Weekly Outperformance: IOC’s 7.73% weekly gain contrasted sharply with the Sensex’s 0.96% decline, highlighting the stock’s relative strength amid mixed market conditions.
Robust Financial Performance: Sustained double-digit growth in net sales (16.33%) and operating profit (32.05%), alongside a 74.28% jump in net profit, underpin the stock’s upward momentum.
Technical Strength and Investor Confidence: The stock consistently traded above all major moving averages and saw a significant surge in derivatives open interest, signalling bullish positioning and strong investor participation.
Attractive Valuation and Income Profile: With a ROCE of 10.6%, an enterprise value to capital employed ratio of 1.2, and a dividend yield around 4.3-4.6%, IOC offers a compelling combination of growth and income.
Conclusion
Indian Oil Corporation Ltd’s performance over the week ending 27 February 2026 reflects a robust rally fuelled by strong fundamentals, technical momentum, and increased market participation. The stock’s ability to hit successive 52-week highs despite a volatile broader market underscores its leadership within the oil sector. Institutional confidence remains high, supported by a Mojo Grade upgrade to Strong Buy and a top-tier Mojo Score of 87.0. While the broader market faced headwinds, IOC’s resilience and attractive valuation metrics position it as a key large-cap stock demonstrating sustained growth and income potential.
Limited Period Only. Start at Rs. 9,999 - Get MojoOne for 1 Year + 3 Months FREE (60% Off) Get 71% Off →
