Buy Indian Oil Corporation, target price Rs 152: Motilal Oswal

Motilal Oswal has buy call on Indian Oil Corporation with a target price of Rs 152. The current market price of Indian Oil Corporation Ltd. is Rs 112.1. 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 106662.42 Crore) operating in Gas & Petroleum sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 120460.02 Crore, up 17.03 % from last quarter Total Income of Rs 102928.47 Crore and up 1.01 % from last year same quarter Total Income of Rs 119255.60 Crore. Company reported net profit after tax of Rs 8577.37 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.