ICICI Securities has hold call on
Indian Oil Corporation Ltd. with a target price of Rs 110. The current market price of Indian Oil Corporation Ltd. is Rs 106.5.
Indian Oil Corporation Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 100731.50 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, down -19.03 % from last quarter Total Income of Rs 148769.23 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.
Oil and Gas stocks were trading with losses, with the S&P BSE Oil&Gas index falling 174.35 points or 1.09% at 15766.62 at 13:49 IST. Among the components of the S&P BSE Oil&Gas index, GAIL (India) Ltd (down 3.24%), Petronet LNG Ltd (down 2.07%),Oil & Natural Gas Corpn Ltd (down 2%),Hindustan Petroleum Corporation Ltd (down 1.93%),Indraprastha Gas Ltd (down 1.88%), were the top losers. Among the other losers were Indian Oil Corporation Ltd (down 1.77%), and Gujarat State Petronet Ltd (down 0.42%). On the other hand, Bharat Petroleum Corporation Ltd (up 1.47%), Castrol India Ltd (up 0.04%), and Reliance Industries Ltd (up 0.03%) moved up.
At 13:49 IST, the S&P BSE Sensex was down 28.81 or 0.06% at 49873.83.
Daily Market Commentary - May 19, 2021 - Bonanza Portfolio equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.