Indian Oil Corporation trades higher on inking MoU with Maruti Suzuki
Indian Oil Corporation is currently trading at Rs. 157.75, up by 0.15 points or 0.10% from its previous closing of Rs. 157.60 on the BSE.
The scrip opened at Rs. 157.25 and has touched a high and low of Rs. 158.25 and Rs. 154.75 respectively. So far 595423 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 174.45 on 12-Nov-2025 and a 52 week low of Rs. 110.75 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 168.80 and Rs. 154.75 respectively. The current market cap of the company is Rs. 222056.47 crore.
The promoters holding in the company stood at 51.50%, while Institutions and Non-Institutions held 37.70% and 10.80% respectively.
Indian Oil Corporation and Maruti Suzuki India have signed a Memorandum of Understanding (MoU) to enhance customer convenience. Under this agreement, Maruti Suzuki service facilities will be established at select IndianOil fuel stations across the country. The collaboration leverages the company's vast nationwide network to set up various Maruti Suzuki service facilities. This integration will allow customers to access scheduled periodic maintenance and minor repairs for their Maruti Suzuki cars, at the same locations where they refuel, creating a more efficient and seamless experience.
IndianOil, with its extensive retail presence, will further strengthen Maruti Suzuki’s over 5,780 service touchpoints. By bringing authorised service to the fuel station, both companies aim to provide a ‘one stop’ solution that enhances convenience and peace of mind for millions of car owners throughout their ownership journey.
Indian Oil Corporation is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.
