Indian Oil shares gain after OPEC+ announces increase in November output

Indian Oil’s (IOC) shares are gaining today. At 10:50 a.m. IST, 6^th October, 2025, the stock price is up by 1.17%, trading at Rs 152.15. Nifty 50 index is up by 0.31% at this time.

OPEC+ to increase output in November by 137,000 bpd

The gain in IOC’s shares today follows the announcement by OPEC+ that it will increase its production of oil by 137,000 barrels per day (bpd) in November. OPEC+ is the cartel of majority of oil producing companies. This increase in production by OPEC+ will bring down the prices of oil.

Brent crude for November delivery is trading at $65.33 per barrel at this time. WTI crude for November delivery is trading at $61.66 per barrel.

Decline in oil prices favorable for oil marketing companies

A decline in oil prices is favorable for IOC. It is an oil marketing company. Lower price of oil translates into higher profit margin for the company. The company also runs a number of oil refineries. Crude oil is the input for refineries. So its refining margin also goes up with lower crude oil prices.

The stock has outperformed in 2025

In the past 5 day’s Indian Oil’s shares have gained 3.77%. In the past 1 month they have gained 7.98%. Year-to-date in 2025, the stock has gained 11.03%. In the same period, Nifty 50 index has gained 5.18%. The stock has outperformed the Nifty 50 index by more than 5% in 2025.

52-week high price of the stock currently is 176.20. 52-week low price of the stock is 110.72.

Disclaimer : This content is only for informational purpose. It does not make any recommendation to act or invest.

Source: NSE