INSUBCONTINENT EXCLUSIVE:
Sacchitanand Uttekar of Tradebulls Securities Private Limited has a buy call on Indian Oil Corporation Ltd
with a target price of Rs 145
The current market price of Indian Oil Corporation Ltd
Time period given by the analyst is Intra Day when Indian Oil Corporation Ltd
price can reach the defined target
Sacchitanand Uttekar recommended to keep stoploss at Rs 127.5
Indian Oil Corporation Ltd., incorporated in 1959, is a largecap company
with a market cap of Rs 130138.25 crore.
Indian Oil Corporation Ltd
key Products/Revenue Segments include Petroleum Refinery Products which contributed Rs 497400.43 Crore to Sales Value (98.21 % of Total
Sales), Other Operating Revenue which contributed Rs 5521.34 Crore to Sales Value (1.09 % of Total Sales), Grants which contributed Rs
3196.34 Crore to Sales Value (0.63 % of Total Sales), Scrap which contributed Rs 139.11 Crore to Sales Value (0.02 % of Total Sales), Sale
of services which contributed Rs 96.16 Crore to Sales Value (0.01 % of Total Sales), Subsidy which contributed Rs 81.11 Crore to Sales Value
(0.01 % of Total Sales)for the year ending 31-Mar-2018
For the quarter ended 30-09-2018, the company has reported a Consolidated sales of Rs 132357.08 Crore, up 2.84 % from last quarter Sales of
Rs 128707.13 Crore and up 47.89 % from last year same quarter Sales of Rs 89498.77 Crore Company has reported net profit after tax of Rs
2950.80 Crore in latest quarter
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.Sanjiv Singh, Mr.Shankar Chakraborti, Mr.Vinoo Mathur, Ms.Indrani Kaushal
Company has V Singhi Associates as its auditoRs As on 30-09-2018, the company has a total of 9,711,809,928 shares outstanding
