Indian Oil Corporation News

Indian Oil Corporation: Three Independent Directors Cease

Indian Oil Corporation Limited announced cessation of three Independent Directors - Shri Prasenjit Biswas, Shri Krishnan Sadagopan, and Dr. Dattatreya Rao Sirpurker effective 28th March 2026.

Goldman Sachs Downgrades Indian Oil to Sell

Goldman Sachs downgrades Indian Oil Corporation to Sell with Rs 110 target price, citing weakening risk-reward profile as rising crude oil prices hurt marketing margins amid limited fuel price pass-through.

Indian OMCs Face $1.5B Monthly Losses at $107 Brent

Morgan Stanley analysis reveals Indian oil marketing companies including Indian Oil Corporation could face significant monthly losses of $1.5 billion at $107 Brent crude prices due to elevated crude costs and Russian oil premiums.

Kotak Cuts Indian Oil Target Price to ₹100

Kotak Institutional Equities reiterates Sell rating on Indian Oil Corporation, slashing target price from ₹125 to ₹100 amid higher oil assumptions and geopolitical risks.

HSBC Downgrades Indian Oil Corp to Hold

HSBC cuts Indian Oil Corporation's target price to ₹150 from ₹200, downgrades to Hold citing expected marketing losses from higher crude oil prices around $75/barrel.