Indian Oil Corporation Ltd Hits Intraday High with 3.61% Surge on 4 Feb 2026

Intraday Trading Highlights and Price Movement

On the trading day, IOC outperformed its Oil sector peers and the broader market indices. The stock’s 3.61% gain notably exceeded the Oil Exploration/Refineries sector’s advance of 2.14%, as well as the Sensex’s marginal decline of 0.08%. The Sensex opened lower at 83,252.06, down 487.07 points (-0.58%), but recovered slightly to trade near 83,671.42 by mid-session. In contrast, IOC’s price action was decisively positive, reflecting strong buying interest and momentum.

IOC’s closing price remained elevated, supported by its position above all key moving averages — including the 5-day, 20-day, 50-day, 100-day, and 200-day averages — signalling sustained bullish technical conditions. The stock has recorded gains for three consecutive sessions, accumulating an 8.54% return over this period, further highlighting its upward trajectory.

Comparative Performance and Market Context

Over various time horizons, IOC’s performance has consistently outpaced the Sensex benchmark. The stock delivered a 6.54% return over the past week compared to the Sensex’s 1.61%, and a 3.99% gain over the last month while the Sensex declined by 2.44%. Year-to-date, IOC has appreciated by 4.21%, contrasting with the Sensex’s 1.82% loss. Longer-term returns remain impressive, with a three-year gain of 121.10% versus the Sensex’s 37.52%, and a five-year increase of 153.55% compared to the Sensex’s 65.31%.

These figures reflect IOC’s strong market positioning within the Oil sector and its ability to generate sustained shareholder value amid varying market conditions.

Valuation and Dividend Yield Considerations

IOC currently offers a high dividend yield of 4.77% at the prevailing price level, which remains attractive relative to sector peers. This yield reflects the company’s commitment to returning value to shareholders alongside capital appreciation. The stock’s market capitalisation grade is rated as 1, indicating a large-cap status with significant market presence and liquidity.

Additionally, the company’s Mojo Score stands at 81.0, with a recent upgrade in its Mojo Grade from Buy to Strong Buy on 2 Feb 2026. This upgrade reflects improved financial metrics, trend assessments, and overall quality grades, reinforcing the stock’s strong standing within the Oil sector.

Sector and Broader Market Dynamics

The Oil sector, particularly Oil Exploration and Refineries, has shown positive momentum, gaining 2.14% on the day. IOC’s outperformance relative to this sector gain highlights its leadership position. Despite the Sensex trading below its 50-day moving average, the 50DMA remains above the 200DMA, suggesting a cautiously optimistic medium-term market trend.

IOC’s ability to trade above all major moving averages further supports the technical strength of the stock, indicating robust investor confidence in its near-term price stability and momentum.

Summary of Recent Rating and Market Position

Indian Oil Corporation Ltd’s recent upgrade to a Strong Buy Mojo Grade on 2 Feb 2026 reflects enhanced confidence in its financial health and market prospects. The company’s Mojo Score of 81.0 places it well above average within the Oil sector, signalling strong fundamentals and quality metrics. The stock’s consistent outperformance against the Sensex and sector benchmarks over multiple time frames further underscores its market strength.

Trading close to its 52-week high, IOC’s current momentum is supported by solid technical indicators and a favourable dividend yield, making it a notable performer in the current market landscape.

Intraday Volume and Trading Activity

While specific intraday volume data is not disclosed, the stock’s price action and sustained gains over three consecutive sessions suggest active trading interest and liquidity. The upward price movement above all key moving averages indicates that buying pressure has been consistent throughout the trading day, contributing to the stock’s strong intraday high of Rs 173.60.

Such trading dynamics are often indicative of institutional participation and positive sentiment within the market, reinforcing the stock’s technical strength.

Conclusion

Indian Oil Corporation Ltd’s strong intraday performance on 4 Feb 2026, marked by a 3.61% surge to Rs 173.60, highlights its resilience and leadership within the Oil sector. The stock’s ability to outperform both its sector peers and the broader Sensex index amid a mixed market environment reflects robust technical and fundamental underpinnings. Supported by a high dividend yield, a recent upgrade to Strong Buy status, and sustained gains over multiple time frames, IOC remains a key stock to watch for its ongoing market momentum and valuation strength.

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