Hold Indian Oil Corporation, target price Rs 131: Prabhudas Lilladher

Hold Indian Oil Corporation, target price Rs 131: Prabhudas Lilladher
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Synopsis

For the quarter ended 31-03-2022, the company has reported a Consolidated Total Income of Rs 175872.72 Crore, up 5.64 % from last quarter Total Income of Rs 166482.22 Crore and up 46.00 % from last year same quarter Total Income of Rs 120460.02 Crore. Company has reported net profit after tax of Rs 6952.67 Crore in latest quarter.

Agencies
Prabhudas Lilladher has hold call on Indian Oil Corporation Ltd. with a target price of Rs 131.0. The current market price of . is Rs 116.4 Time period given by analyst is 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 109910.31 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 31-03-2022, the company has reported a Consolidated Total Income of Rs 175872.72 Crore, up 5.64 % from last quarter Total Income of Rs 166482.22 Crore and up 46.00 % from last year same quarter Total Income of Rs 120460.02 Crore. Company has reported net profit after tax of Rs 6952.67 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 51.5 per cent stake in the company as of 31-Mar-2022, while FIIs owned 16.77 per cent, DIIs 2.91 per cent.
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