Add Indian Oil Corporation, target price Rs 105: ICICI Securities

has add call on Indian Oil Corporation Ltd. with a target price of Rs 105. The current market price of Indian Oil Corporation Ltd. is Rs 97.25.

Indian Oil Corporation Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 91552.70 Crore) operating in Gas & Petroleum sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 148769.23 Crore, up 79.54 % from last quarter Total Income of Rs 82862.42 Crore and up 19.58 % from last year same quarter Total Income of Rs 124408.06 Crore. Company reported net profit after tax of Rs 3826.51 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 51.5 per cent stake in the company as of Dec 30, 2020, while FIIs held 5.8 per cent, DIIs 13.7 per cent and public and others 29 per cent.