Manas Jaiswal of manasjaiswal.com has a sell call on Indian Oil Corporation with a target price of Rs 390.

The current market price of Indian Oil Corporation is Rs 402.85.

Time period given by analyst is intraday when Indian Oil Corporation price can reach defined target.

Manas Jaiswal recommended to keep a stop loss at Rs 408.

Indian Oil Corporation, incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 2,00,597.43 Crore) operating in Petroleum sector.

Indian Oil Corporation key Products/Revenue Segments include Petroleum Refinery Products which contributed Rs 4,38,692.40 Crore to Sales Value (98.45 per cent of Total Sales), Grants which contributed Rs 5,149.21 Crore to Sales Value (1.15 per cent of Total Sales), Other Operating Revenue which contributed Rs 1,534.81 Crore to Sales Value (0.34 per cent of Total Sales), Scrap which contributed Rs 106.15 Crore to Sales Value (0.02 per cent of Total Sales), Subsidy which contributed Rs 80.02 Crore to Sales Value (0.01 per cent of Total Sales) and Sale of services which contributed Rs 17.56 Crore to Sales Value for the year ending 31-Mar-2017.

For the quarter ended 30-06-2017, the company has reported a Standalone sales of Rs 1,05,434.23 Crore, up 5.08 per cent from last quarter Sales of Rs 1,00,337.51 Crore and up 22.49 per cent from last year same quarter Sales of Rs 86,077.19 Crore.

Company has reported net profit after tax of Rs 4,548.51 Crore in latest quarter.

The company's top management includes Dr.S S V Ramakumar, Mr.A K Sharma, Mr.Anish Aggarwal, Mr.Ashutosh Jindal, Mr.B S Canth, Mr.G K Satish, Mr.Parindu Bhagat, Mr.Sanjay Kapoor, Mr.Sanjiv Singh, Mr.Verghese Cherian.

Company has V Sankar Aiyar & Co. as its auditors.

As on 31-03-2017, the company has a total of 4,855,904,964 shares outstanding.