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HALAL TRADING ROOM Sharia-screened signals
TERMINAL
IO

IOC.NS

$135.11
Sharia status
NOT COMPLIANT
Per In-house ratio engine · assessed 2026-08-26
🕌 BSE 500 Shariah HTR non-permissible income 0.23%
🕌Open research, not a fatwa — verify with your own scholar.
Trade setup SEPARATE FROM SHARIAH
No trade setup shown — a stock that isn't cleanly Sharia-compliant never gets a bullish verdict here.

Indian Oil Corporation Limited (IOC.NS) is currently considered not halal (non-compliant), per In-house ratio engine (last assessed 2026-08-26). See the full ratio breakdown and business-activity screen below for the reasoning.

⚠️ Financial ratios are only half the screen. A company whose core business is in an excluded sector — weapons/defense, alcohol, gambling, conventional (interest-based) finance, tobacco, pork, or adult entertainment — is non-compliant even if every debt and income ratio passes. So passing ratios below don't override this verdict; check the business-activity screen for the reason.

Market & analysts
Price target
$160.00
+18.4% · 31 analysts
Institutional own.
14.3%
of shares
NON-COMPLIANT
Sharia compliance
🕌 BSE 500 Shariah
Constituent of a real Sharia index
0.23%
Non-permissible income — HTR, from filings (2026-03-31)
$160.00
Price target (+18.4%) · 31 analysts
14.3%
Institutional ownership

🕌 In-house Compliance Research

Computed from Yahoo Finance fundamentals (Tier-4 provider, no filing available), balance sheet as of 2026-03-31. IOC.NS files no SEC reports, so these ratios come from the issuer's own published statements rather than XBRL.

Business activity: cleared (no excluded categories detected)

AAOIFI Fail

RatioValueThresholdResult
Interest-bearing debt 74.14% 30.00% Fail
Interest-bearing investments 5.83% 30.00% Pass
Non-permissible income 0.23% 5.00% Pass

Usmani Pass

RatioValueThresholdResult
Interest-bearing debt 27.14% 33.00% Pass
Interest-bearing investments 2.13% 33.00% Pass
Non-liquid assets 95.10% at least 20.00% Pass
Non-permissible income 0.23% 5.00% Pass

MSCI Pass

RatioValueThresholdResult
Interest-bearing debt 27.14% 33.33% Pass
Cash + interest-bearing securities 2.13% 33.33% Pass
Accounts receivable 4.90% 33.33% Pass
Non-permissible income 0.23% 5.00% Pass

FTSE Pass

RatioValueThresholdResult
Interest-bearing debt 27.14% 33.33% Pass
Cash + interest-bearing securities 2.13% 33.33% Pass
Accounts receivable 4.90% 50.00% Pass
Non-permissible income 0.23% 5.00% Pass

Dow Jones Islamic Market Fail

Scored against a trailing-average market cap (24-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Interest-bearing debt 71.61% 33.00% Fail
Cash + interest-bearing securities 5.63% 33.00% Pass
Accounts receivable 7.30% 33.00% Pass
Non-permissible income 0.23% 5.00% Pass

S&P Shariah Fail

Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Interest-bearing debt 73.55% 33.00% Fail
Cash + interest-bearing securities 5.78% 49.00% Pass
Accounts receivable 7.50% 49.00% Pass
Non-permissible income 0.23% 5.00% Pass

MSCI M-Series Fail

Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Interest-bearing debt 73.55% 33.33% Fail
Cash + interest-bearing securities 5.78% 33.33% Pass
Accounts receivable 13.28% 49.00% Pass
Non-permissible income 0.23% 5.00% Pass

Research only, not investment advice. Thresholds are each standard-setter's published limits; a ratio marked “at least” is a floor, not a ceiling.

183.50170.29157.07143.86130.652025-09-112026-03-162026-09-11

Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset

Support & Resistance
S3
132.28
S2
133.29
S1
134.12
PIVOT
135.13
R1
135.96
R2
136.97
R3
137.80

Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.

Price Forecast

7-day expected range
131.63 143.63
±4.36% from 137.63, made 2026-09-04 · resolves 2026-09-11
STRONG SELL
from 19 indicators
Not enough resolved predictions yet — 0 of 10 needed before we publish an accuracy figure. 22020 forecast(s) are currently open and will be scored automatically when their horizon expires.

The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally above. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.

Technical Summary

STRONG SELL
19 indicators
OscillatorsSTRONG SELL
1 buy · 3 neutral · 3 sell
Moving averagesSTRONG SELL
0 buy · 0 neutral · 12 sell
Every indicator, and what it reads
IndicatorValueSignal
RSI (14)42.10NEUTRAL
Stochastic %K (14)25.71NEUTRAL
CCI (20)-114.06BUY
Williams %R (14)-74.29NEUTRAL
MACD (12,26,9)-0.23SELL
ROC (10)-1.45SELL
Momentum (10)-1.99SELL
EMA (10)136.04SELL
SMA (10)136.32SELL
EMA (20)136.94SELL
SMA (20)136.97SELL
EMA (30)137.54SELL
SMA (30)138.23SELL
EMA (50)138.38SELL
SMA (50)138.61SELL
EMA (100)140.58SELL
SMA (100)139.32SELL
EMA (200)145.78SELL
SMA (200)147.95SELL

Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.

About Indian Oil Corporation Limited

Energy · Oil & Gas Refining & Marketing

Indian Oil Corporation Limited, together with its subsidiaries, engages in the oil, gas, petrochemicals, and alternative energy source businesses in India and internationally. It operates through Sale of Petroleum Products; Sale of Petrochemicals; Sale of Gas; and Other segments. The company is involved in the refining, pipeline transportation and marketing, exploration and production of crude oil and gas, petrochemicals, gas marketing, alternative energy sources; operates crude oil, petroleum product, and natural gas pipelines; research and development, marketing, and petrochemical businesses; wind mill and solar power generation and downstream operations. It also engages in provision of natural gas; city gas distribution; invests in e and p; bulk explosives and blast-based services for coal, iron ore, and copper mining industries; and design and production of vacuum insulated cryogenic storage and transport vessels, such as aluminum cyrocans, small sized industrial use cryogenic vessels, small and large sized cryogenic vessels, and large and heavy pressure vessels, lube, and aviation equipment. In addition, the company offers XP95, XtraGreen, compressed natural gas, petrol gasoline, high speed diesel, XP100, SERVO lubes and greases, autogas, and XTRAPOWER-fleet card; PNG domestic, indane cooking gas, kerosene, non-fuel product, and LPG services; and indoor solar cooking system, indane LPG, bulk industrial fuels, Fuel@Call, aviation fuel, AVGAS 100 LL, marine oils, bitumen, fuel mgmt consumer pumps, non fuel alliances, natural gas, petrochemicals, special products, non PDS superior kerosene oil, consultancy, and technologies for licensing for motorist, households, businesses, society, suppliers, business partner, investor, overseas, and sports. The company was formerly known as Indian Oil Company Limited and changed its name to Indian Oil Corporation Limited in September 1964. Indian Oil Corporation Limited was incorporated in 1959 and is based in New Delhi, India.

iocl.com ↗

Background via Yahoo Finance — informational, not part of the verdict.

SMC — Top Down

Not enough price history yet for a smart-money structure read on any timeframe.

Momentum & Volume

Peer Movement

Peer movement computing — it will appear here on its own.

Insider Activity (90d)

NO DATA   0 buys · 0 sells

COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE

NEUTRAL   report date 2026-09-01 · Asset managers net 934180 (-19048)

AI Summary

Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.

Tell us what's working, what's confusing, or what you want to see next — read by a real person, not a form that goes nowhere.