Indian Oil announces Sabrat kar's departure after 38 years: Here's a look at his career, achievements and more
Indian Oil left its position unchanged.
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Indian Oil announced Subrat Kar’s departure after 38 years. Its Executive Director (Planning and Economic Studies) held leadership roles in retail sales, international business and strategy, including heading IOC Middle East.
The analysis
Against that, the stock is -0.6% on the day at ₹129.54, and has returned -9.6% over three months. It sits 31% below its 52-week high, which means a good deal of bad news was already in the price. The oil & energy sector has moved -5.5% over the same period, so Indian Oil is running 4.1 points behind its peers.
For Indian Oil, the question is how much of this is already reflected in the price and how much re-rates the oil & energy peer set alongside it.
Market context
- The company directly in focus is IOC.
- Sector exposure: Oil & Energy.
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