Buy Indian Oil Corporation, target Rs 160: Manas Jaiswal
Buy Indian Oil Corporation Ltd. at a price target of Rs 160.0 and a stoploss at Rs 145 from entry point.
Indian Oil Corporation Ltd. key Products/Revenue Segments include Petroleum Refinery Products which contributed Rs 497400.43 Crore to Sales Value (98.21 % of Total Sales), Other Operating Revenue which contributed Rs 5521.34 Crore to Sales Value (1.09 % of Total Sales), Grants which contributed Rs 3196.34 Crore to Sales Value (0.63 % of Total Sales), Scrap which contributed Rs 139.11 Crore to Sales Value (0.02 % of Total Sales), Sale of services which contributed Rs 96.16 Crore to Sales Value (0.01 % of Total Sales), Subsidy which contributed Rs 81.11 Crore to Sales Value (0.01 % of Total Sales)for the year ending 31-Mar-2018.
For the quarter ended 31-12-2018, the company has reported a Consolidated sales of Rs 141016.49 Crore, up 6.54 % from last quarter Sales of Rs 132357.08 Crore and up 28.11 % from last year same quarter Sales of Rs 110071.61 Crore Company has reported net profit after tax of Rs 315.20 Crore in latest quarter. The company’s top management includes Dr.Jagdish Kishwan, Dr.S S V Ramakumar, Mr.Akshay Kumar Singh, Mr.Ashutosh Jindal, Mr.B V Rama Gopal, Mr.Chitta Ranjan Biswal, Mr.D S Shekhawat, Mr.G K Satish, Mr.Gurmeet Singh, Mr.Parindu Bhagat, Mr.Ranjan Kumar Mohapatra, Mr.Samirendra Chatterjee, Mr.Sanjiv Singh, Mr.Shankar Chakraborti, Mr.Vinoo Mathur, Mrs.Sushmita Dasgupta. Company has V Singhi & Associates as its auditoRs As on 31-03-2019, the company has a total of 9,414,158,922 shares outstanding.