Indian Oil Stock (IOC) Rises After Robust Q2 Results; Analysts See More Upside Ahead

The focus keyword “Indian Oil Stock” couldn’t be timelier. The state-run Indian Oil Corporation Ltd. (IOC) delivered a striking turnaround in the second quarter of FY26, posting a consolidated net profit of ₹7,817.55 crore, reversing a loss of ₹169.58 crore a year ago. Revenue rose roughly 4% year-on-year to approximately ₹2.03 trillion. This strong performance has renewed investor interest in the Indian Oil Stock, thanks largely to improving refining margins and favorable global crude trends. Let’s see the theme of refining margin tailwinds, dig into the company specifics, and look ahead at how investors should think about the stock.