Shares of Indian Oil Corporation Ltd (IOC) rose over 1 percent on Tuesday morning, after the Maharatna PSU posted a sharp 285 percent year-on-year jump in consolidated net profit for the July-September quarter. Brokerages, including Morgan Stanley and Nomura, shared a bullish outlook on the stock, citing robust refining margins and strong operational performance. The stock rose to Rs 157.48, extending the previous day's 3.2 gain.