Intraday Trading Highlights
On 2 Feb 2026, IOC’s stock price surged to an intraday peak of Rs 165, representing a 3.25% gain. The stock closed with a day change of 3.32%, outperforming the Oil Exploration/Refineries sector, which gained 2.62% on the same day. This outperformance was also notable against the Sensex, which rose 1.15% after a volatile session that saw an initial decline of 167.26 points before recovering sharply by 1,098.27 points to close at 81,653.95.
IOC’s intraday advance exceeded the Sensex’s 1.12% gain for the day, underscoring the stock’s relative strength. The stock’s performance also outpaced the sector by 0.63%, signalling focused buying interest within the oil segment.
Technical Positioning and Moving Averages
Technically, IOC is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This alignment suggests a sustained upward trend in the stock’s price action. The stock’s Mojo Score stands at 74.0, with a recent upgrade in its Mojo Grade from Hold to Buy on 28 Jan 2026, reflecting improved market metrics and sentiment.
The stock’s market cap grade is rated at 1, indicating a strong market capitalisation profile relative to its peers. This technical and fundamental backdrop supports the stock’s current positive momentum.
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Dividend Yield and Sector Context
At the current price level, IOC offers a high dividend yield of 5.01%, which remains attractive within the Oil sector. This yield is a significant factor for income-focused investors and adds to the stock’s appeal amid the sector’s broader gains.
The Oil Exploration/Refineries sector has recorded a 2.62% gain on the day, supported by positive market dynamics and recovery in energy prices. IOC’s outperformance relative to its sector peers highlights its strong positioning within the industry.
Comparative Performance Over Multiple Timeframes
IOC’s recent price action is consistent with its longer-term performance trends. Over the past week, the stock has gained 5.48%, substantially outperforming the Sensex’s marginal 0.11% rise. Over one month, IOC’s decline of 1.38% is less severe than the Sensex’s 4.82% drop, while over three months, the stock’s loss of 0.84% compares favourably to the Sensex’s 2.75% decline.
Over the one-year horizon, IOC has delivered a robust 31.08% return, significantly outpacing the Sensex’s 5.32% gain. Year-to-date, the stock’s performance is slightly negative at -1.17%, but still better than the Sensex’s -4.21%. Over three and five years, IOC’s returns of 109.55% and 152.27% respectively, far exceed the Sensex’s 36.21% and 63.93% gains, underscoring the stock’s strong long-term growth trajectory.
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Market Environment and Broader Indices
The broader market environment on 2 Feb 2026 was characterised by a sharp recovery in the Sensex after a negative start. Despite opening 167.26 points lower, the index rebounded by 1,098.27 points to close at 81,653.95, a 1.15% gain. Mega-cap stocks led this recovery, providing a supportive backdrop for large-cap stocks like IOC.
While the Sensex is trading below its 50-day moving average, the 50DMA remains above the 200DMA, indicating a mixed but cautiously optimistic technical outlook for the broader market. IOC’s ability to outperform in this environment highlights its relative strength and resilience.
Summary of Key Metrics
Indian Oil Corporation Ltd’s Mojo Score of 74.0 and upgraded Mojo Grade to Buy on 28 Jan 2026 reflect improved market sentiment and fundamental strength. The stock’s market cap grade of 1 further emphasises its standing among large-cap peers. Its consistent outperformance across multiple timeframes and strong dividend yield of 5.01% contribute to its appeal within the Oil sector.
Today’s intraday high of Rs 165 and a day change of 3.32% demonstrate robust buying interest and positive momentum, supported by favourable sectoral trends and broader market recovery.
Conclusion
Indian Oil Corporation Ltd’s strong intraday performance on 2 Feb 2026, marked by a 3.25% rise to Rs 165, underscores its resilience and leadership within the Oil sector. The stock’s technical positioning above key moving averages, combined with its attractive dividend yield and solid multi-period returns, highlight its continued prominence in the market. The broader market’s recovery and sector gains have further bolstered IOC’s trading activity, resulting in a notable outperformance relative to both sector peers and the Sensex.
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