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Govt jobs in Indian Oil: IOCL hiring for 346 empty posts, check direct link here - The age limit for the candidates has been kept between 18 and 24 years.
Read more about Oil and Gas stocks rise on Business Standard. Oil and Gas stocks were trading with gains, with the S&P BSE Oil&Gas index increasing 305.17 points or 1.93% at 16149.13 at 09:48 IST.
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Nomura, India has buy call on Indian Oil Corporation (IOC) with a target price of Rs 130. The current market price of Indian Oil Corporation is Rs 100.6.
Indian Oil Corporation, incorporated in the year 1959, is a large cap company with a market cap of Rs 94,659.37 Crore, operating in gas & petroleum sector.
Indian Oil Corporation s key products/revenue segments include petroleum refinery products, other operating revenue, grants, scrap, subsidy, sale of services and income from sale Of share & securities for the year ending 31-Mar-2020.
Investment rationale
The brokerage raised the target price though the company s refining remains weak, as retail price hikes make marketing outlook better.
Read more about Oil & Natural Gas Corpn Ltd Surges 3.64%, S&P BSE Oil&Gas index Gains 1.7% on Business Standard. Oil & Natural Gas Corpn Ltd has added 30.32% over last one month compared to 14.45% gain in S&P BSE Oil&Gas index and 7.2% rise in the SENSEX