Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
141.60
Change Change %
2.55 1.83%

Updated:21 Nov, 2018, 15:59 PM IST

BSE
141.55
Change Change %
2.45 1.76%

Updated:21 Nov, 2018, 16:01 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Religare
N/A
01-11-2016 Buy 326.10 375.00
N/A
Target Hit Long (1Y)
01-11-2017

Religare recommends buy on Indian Oil

Religare has recommended buy on Indian Oil for target price of Rs 375. Religare prefers IOC due to its diversified and lower-risk earnings profile compared to peers. It has valued the refining business at 6.5 times FY18-FY19 estimated average EBITDA for marketing at 5 times, petrochem at 7.5 times and the pipeline business at 5 times, yielding a September 2017 target of Rs Rs 375.

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