Intraday Trading Highlights
On 28 January 2026, Indian Oil Corporation Ltd (IOC) recorded a significant uptick in its share price, touching a day’s high of Rs 163.7. This represented a 2.99% increase from its previous close, with the stock ultimately closing the session up by 3.11%. The stock’s performance outpaced the Oil Exploration and Refineries sector, which gained 2.55% on the same day, and also exceeded the Sensex’s 0.58% rise.
The stock’s day change of 3.11% was notably higher than the Sensex’s intraday gain of 0.59%, underscoring IOC’s strong momentum within the market. This surge contributed to the stock’s consecutive gains, marking the second day of positive returns and accumulating a 4.84% increase over this period.
IOC’s trading activity was supported by its position relative to key moving averages. The stock price remained above its 5-day, 20-day, 100-day, and 200-day moving averages, indicating sustained short- to long-term strength. However, it remained below the 50-day moving average, suggesting some resistance at that level.
Just made the cut! This Mid Cap from the Heavy Electrical Equipment sector entered our elite Top 1% list recently. Discover it before the crowd catches on!
- - Top-rated across platform
- - Strong price momentum
- - Near-term growth potential
Sector and Market Context
The Oil sector, particularly Oil Exploration and Refineries, showed positive momentum on the day, with a sector gain of 2.55%. Indian Oil Corporation Ltd’s outperformance relative to this sector highlights its strong trading interest and resilience.
The broader market environment was also supportive. The Sensex opened flat with a marginal change of 34.88 points but gained momentum to close 438.96 points higher at 82,331.32, a 0.58% increase. The index remains 4.65% below its 52-week high of 86,159.02, with mega-cap stocks leading the rally. Despite trading below its 50-day moving average, the Sensex’s 50DMA remains above its 200DMA, signalling a generally positive medium-term trend.
Performance Metrics and Historical Returns
Indian Oil Corporation Ltd’s recent performance has been strong across multiple timeframes. The stock’s one-day gain of 3.05% outstripped the Sensex’s 0.59% rise. Over the past week, IOC gained 3.08% compared to the Sensex’s 0.53%. The one-month and three-month returns stand at 2.34% and 6.05% respectively, both outperforming the Sensex, which recorded negative returns of -3.17% and -2.70% over the same periods.
Longer-term performance remains robust, with a one-year return of 33.55% versus the Sensex’s 8.48%. Year-to-date, IOC has declined by 1.59%, slightly better than the Sensex’s 3.38% fall. Over three and five years, the stock has delivered returns of 102.35% and 167.87%, substantially outperforming the Sensex’s 38.78% and 75.66% respectively. Over a decade, IOC’s 148.34% gain trails the Sensex’s 236.51%, reflecting differing sectoral dynamics over the long term.
At the current price, Indian Oil Corporation Ltd offers a dividend yield of 5.03%, which is considered attractive within the oil sector and provides an additional income component for shareholders.
Considering Indian Oil Corporation Ltd? Wait! SwitchER has found potentially better options in Oil and beyond. Compare this large-cap with top-rated alternatives now!
- - Better options discovered
- - Oil + beyond scope
- - Top-rated alternatives ready
Mojo Score and Rating Update
Indian Oil Corporation Ltd holds a Mojo Score of 64.0, reflecting a moderate outlook with a current Mojo Grade of Hold. This represents a downgrade from its previous Buy rating, which was revised on 23 January 2026. The company’s Market Cap Grade is 1, indicating its status as a large-cap entity within the oil sector.
The rating adjustment suggests a more cautious stance relative to prior assessments, though the stock’s recent price action indicates resilience and continued investor engagement.
Summary of Trading Action
Indian Oil Corporation Ltd’s strong intraday performance on 28 January 2026 was characterised by a notable 3.11% gain, reaching an intraday high of Rs 163.7. The stock outperformed both its sector and the broader Sensex index, supported by positive sectoral trends and a favourable market environment. Its position above key moving averages, except the 50-day, indicates sustained technical strength amid some resistance.
With a high dividend yield of 5.03% and consistent gains over recent days, the stock remains a significant player within the oil sector’s trading landscape. The recent Mojo rating downgrade to Hold reflects a tempered outlook, yet the stock’s price momentum remains robust in the current market context.
Unlock special upgrade rates for a limited period. Start Saving Now →
