Indian Oil Corporation Ltd (IOC) is India’s largest state owned oil refining and its marketing company. The company is pursuing aggressive expansion in petrol, diesel, and also LPG, as well as renewable energy and hydrogen projects. Each year, IOC expands its refining capacity and its retail network, and driving strong long term revenue growth as well.
IOC’s current share price is trading around ₹155.09. The company’s fundamentals are strong, and the government’s clean energy push makes IOC’s future even brighter for sure. Let’s take a closer look at the IOC share price target in the coming years and how fast the stock will grow.
IOC Share Price Target 2025
The IOC stock price target is expected to see stable growth by the end of its 2025. Crude oil price stability and strong demand are expected to improve the company’s profit margins as well. The government has increased investment in fuel consumption and infrastructure, directly benefiting IOC.
By the end of its November 2025, IOC’s share price could reach around its ₹170.
| Month | Expected Price (INR) |
|---|---|
| November | ₹168.00 |
| December | ₹170.00 |
IOC Share Price Target 2026
The company’s renewable and hydrogen projects will play an important role in achieving the IOC share price target of 2026. With stable crude refining and also petrochemical margins, IOC is also focusing on retail expansion. A positive environment is developing for PSU companies in the energy sector.
Therefore, the IOC share price could gradually rise to ₹188 in 2026.
| Month | Expected Price (INR) |
|---|---|
| January | ₹173.00 |
| February | ₹175.00 |
| March | ₹177.00 |
| April | ₹179.00 |
| May | ₹181.00 |
| June | ₹183.00 |
| July | ₹185.00 |
| August | ₹186.00 |
| September | ₹187.00 |
| October | ₹188.00 |
| November | ₹188.00 |
| December | ₹188.00 |
IOC Share Price Target 2027
The impact of the company’s new refinery projects and export market expansion can be clearly seen by the IOC share price target of 2027. Energy demand in India is continuously increasing, and IOC is efficiently catering to that demand. Stable crude and an improved marketing network should enable a steady rise in earnings.
The IOC share price could reach around ₹205 by the end of 2027.
| Month | Expected Price (INR) |
|---|---|
| January | ₹189.00 |
| February | ₹191.00 |
| March | ₹193.00 |
| April | ₹195.00 |
| May | ₹197.00 |
| June | ₹199.00 |
| July | ₹201.00 |
| August | ₹202.00 |
| September | ₹203.00 |
| October | ₹204.00 |
| November | ₹205.00 |
| December | ₹205.00 |
IOC Share Price Target 2028
The company’s clean energy transition and diversification will be a significant positive factor for the IOC share price target of 2028. IOC’s investments in hydrogen fuel and renewable energy will boost long-term growth. Stable demand and margins are likely to provide a consistent stock upside.
The IOC share price could reach ₹225 by the end of 2028.
| Month | Expected Price (INR) |
|---|---|
| January | ₹206.00 |
| February | ₹208.00 |
| March | ₹210.00 |
| April | ₹212.00 |
| May | ₹215.00 |
| June | ₹217.00 |
| July | ₹219.00 |
| August | ₹221.00 |
| September | ₹223.00 |
| October | ₹224.00 |
| November | ₹225.00 |
| December | ₹225.00 |
IOC Share Price Target 2029
By 2029, IOC’s operations and financials could strengthen. Both the company’s domestic and export businesses will be operating in a balanced manner. A consistent dividend policy and steady growth could make the stock a reliable asset for a long-term portfolio.
The IOC share price could reach around ₹245 by the end of 2029.
| Month | Expected Price (INR) |
|---|---|
| January | ₹227.00 |
| February | ₹229.00 |
| March | ₹231.00 |
| April | ₹233.00 |
| May | ₹235.00 |
| June | ₹237.00 |
| July | ₹239.00 |
| August | ₹241.00 |
| September | ₹243.00 |
| October | ₹244.00 |
| November | ₹245.00 |
| December | ₹245.00 |
IOC Share Price Target 2030
By 2030, IOC will have become a key player in India’s energy transformation journey. The company’s diversification and stable earnings pattern will keep the stock on a long-term growth path. Expansion in both retail and clean energy segments could further improve valuation.
The IOC share price has the potential to reach ₹268 by the end of 2030.
| Month | Expected Price (INR) |
|---|---|
| January | ₹247.00 |
| February | ₹250.00 |
| March | ₹252.00 |
| April | ₹254.00 |
| May | ₹256.00 |
| June | ₹258.00 |
| July | ₹260.00 |
| August | ₹262.00 |
| September | ₹264.00 |
| October | ₹266.00 |
| November | ₹267.00 |
| December | ₹268.00 |
Conclusion
So friends, if viewed holistically, the IOC share price target could show a steady growth trend in the coming years as well. And starting at ₹155.09, a realistic target of ₹268 by the end of its 2030 is possible. With the company’s projects, government support and energy transition initiatives, IOC could be a strong PSU pick for its long term investors.
Disclaimer
These share price targets are only for educational and informational purposes and should not be construed as investment advice.