Buy Indian Oil Corporation, target price Rs 155: Emkay Global

Buy Indian Oil Corporation, target price Rs 155: Emkay Global
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Synopsis

Indian Oil Corporation Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 113911.32 Crore) operating in Gas & Petroleum sector.

Promoters held 51.5 per cent stake in the company as of 31-Dec-2021, while FIIs owned 16.43 per cent, DIIs 4.02 per cent.

Related

Emkay Global has buy call on Indian Oil Corporation with a target price of Rs 155. The current market price of Indian Oil Corporation is Rs 121. Time period given by analyst is one year when Indian Oil Corporation Ltd. price can reach defined target.

Indian Oil Corporation Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 113911.32 Crore) operating in Gas & Petroleum sector.

Indian Oil Corporation Ltd. key Products/Revenue Segments include Petroleum Refinery Products, Other Operating Revenue, Other Services, Sale of services, Scrap and Subsidy for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 166482.22 Crore, down -3.57 % from last quarter Total Income of Rs 172646.31 Crore and up 61.75 % from last year same quarter Total Income of Rs 102928.47 Crore. Company reported net profit after tax of Rs 5931.06 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 51.5 per cent stake in the company as of 31-Dec-2021, while FIIs owned 16.43 per cent, DIIs 4.02 per cent.
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