Indian Oil traded at 132.10 this Monday May 18th, decreasing 2.45 or 1.82 percent since the previous trading session. Looking back, over the last four weeks, Indian Oil lost 10.14 percent. Over the last 12 months, its price fell by 8.68 percent. Looking ahead, we forecast Indian Oil to be priced at 131.67 by the end of this quarter and at 123.40 in one year, according to Trading Economics global macro models projections and analysts expectations.
Indian Oil Corporation Limited is engaged in refining business. The Company's segments include Sale of Petroleum Products, Sale of Petrochemicals and Other businesses. Its Other businesses segment includes sale of gas, explosives and cryogenics, wind mill and solar power generation, and oil and gas exploration activities. Its business interests span the entire hydrocarbon value-chain ranging from refining, pipeline transportation and marketing of petroleum products to exploration and production of crude oil and gas, marketing of natural gas and petrochemicals. It has a portfolio of energy brands that include Indane liquefied petroleum gas (LPG) cooking gas, SERVO lubricants, XTRAPREMIUM petrol, XTRAMILE diesel and PROPEL petrochemicals. It operates approximately 25,000 petrol and diesel stations, including over 6,200 Kisan Seva Kendra outlets in the rural markets. It owns and operates over 10 refineries with a combined refining capacity of over 80.7 million metric tons per annum.