Buy Indian Oil Corporation, target Rs 170: IDEAL STOCK

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IDEAL STOCK has a buy call on Indian Oil Corporation with a target price of Rs 170.
The current market price of Indian Oil Corporation is Rs 157.50. Time period given by the analyst is ‘IntraDay‘ when Indian Oil Corporation price can reach the defined target. IDEAL STOCK recommended keeping a stop loss at Rs 150.

Indian Oil Corporation, incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 1,52,961.01 Crore) operating in Petroleum sector.

The company’s top management includes Dr.Jagdish Kishwan, Dr.S S V Ramakumar, Mr.A K Sharma, Mr.Akshay Kumar Singh, Mr.Ashutosh Jindal, Mr.B V Rama Gopal, Mr.Chitta Ranjan Biswal, Mr.D S Shekhawat, Mr.G K Satish, Mr.Gurmeet Singh, Mr.Parindu Bhagat, Mr.Ranjan Kumar Mohapatra, Mr.Samirendra Chatterjee, Mr.Sanjay Kapoor, Mr.Sanjiv Singh, Mr.Shankar Chakraborti, Mr.Vinoo Mathur, Ms.Indrani Kaushal. The company has V Singhi & Associates as its auditors.

As on 30-06-2018, the company has a total of 9,711,809,928 shares outstanding.

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