I am speaking about the IOC Ltd stock. Technically, I’ve been observing this stock’s chart for over two decades. In Feb 2024, it created an All-Time High at ₹197. From there, it consolidated till Sept 2024, followed by a sharp correction to ₹110 by March 2025. This ₹110 level acted as a strong demand zone and the stock rallied sharply from there.
Currently, it's trading at ₹152, forming an Inverse Head & Shoulder pattern, and the price has already broken above the neckline — a bullish signal.
🎯Targets
Target 1: ₹170
Target 2: ₹180
Target 3: ₹190
📉Stop Loss Levels
First Stop Loss: ₹135 (shoulder low)
Final Stop Loss: ₹110 (major demand zone)
💰Q4 FY24 Financial Highlights (vs Q3 FY24 & Q4 FY23)
Currently, it's trading at ₹152, forming an Inverse Head & Shoulder pattern, and the price has already broken above the neckline — a bullish signal.
🎯Targets
Target 1: ₹170
Target 2: ₹180
Target 3: ₹190
📉Stop Loss Levels
First Stop Loss: ₹135 (shoulder low)
Final Stop Loss: ₹110 (major demand zone)
💰Q4 FY24 Financial Highlights (vs Q3 FY24 & Q4 FY23)
- Total Income:₹1,95,270 Cr (↑ flat vs ₹1,94,014 Cr; ↓ -2% vs ₹1,98,650 Cr)
- Total Expenses: ₹1,80,241 Cr (↓ -3% vs ₹1,86,442 Cr; ↓ -4% vs ₹1,86,675 Cr)
- Operating Profit: ₹15,029 Cr (↑ +98% vs ₹7,573 Cr; ↑ +25% vs ₹11,975 Cr)
- Profit Before Tax: ₹10,045 Cr (↑ +263% vs ₹2,766 Cr; ↑ +35% vs ₹7,420 Cr)
- Profit After Tax: ₹8,368 Cr (↑ +290% vs ₹2,147 Cr; ↑ +52% vs ₹5,488 Cr)
- Diluted EPS: ₹5.75 (↑ from ₹1.50 QoQ; ↑ from ₹3.65 YoY)
🧾Fundamental Insights
🛢️IOC has benefited from softening crude oil prices and improved gross refining margins (GRMs), leading to better operating performance.
📦Strong inventory gains and better refining throughput also contributed to profitability.
💵The company declared a final dividend of ₹7 per share for FY24, rewarding shareholders amid solid earnings.
🏭Capex plans continue across petrochemical expansions and refinery upgrades, securing long-term growth.
🌱The management also highlighted a push toward energy transition — expanding green hydrogen and EV charging infrastructure.
Conclusion:
IOC Ltd is showing a strong technical breakout and backed by solid fundamentals in Q4. If the bullish pattern sustains, investors may see a retest of all-time highs in coming weeks.
Disclaimer:lnkd.in/gJJDnvn2
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.