Reduce Indian Oil, target price Rs 124: HDFC Securities
HDFC Securities has a reduce call on Indian Oil Corporation with a target price of Rs 124. The current market price of Indian Oil Corporation is Rs 122.25. Indian Oil, incorporated in 1959, is a Large Cap company with a market cap of Rs 173550.02 crore, operating in the Gas & Petroleum sector.
Indian Oil Corporation's key products/revenue segments include Petroleum Refinery Products, Other Operating Revenue, Scrap, Sale of services and Subsidy for the year ending 31-Mar-2024.
Financials For the quarter ended 31-12-2024, the company has reported a Consolidated Total Income of Rs 195036.06 crore, up 11.01% from last quarter Total Income of Rs 175699.37 crore and down -3.05% from last year same quarter Total Income of Rs 201173.88 crore. The company has reported net profit after tax of Rs 1912.86 Crore in latest quarter.
The company's top management includes Mr.Shrikant Madhav Vaidya, Mr.Krishnan Sadagopan, Mr.Sudipta Kumar Ray, Mr.Prasenjit Biswas, Dr.Dattatreya Rao Sirpurker, Prof. (Dr)Ashutosh Pant, Mr.Dilip Gogoi Lalung, Dr.Sujata Sharma, Mr.Arvind Kumar, Ms.Rashmi Govil, Mr.Alok Sharma, Mr.Anuj Jain, Mr.N Senthil Kumar, Mr.Sujoy Choudhury, Mr.Satish Kumar Vaduguri, Prof. (Dr)Ram Naresh Singh. Company has K C Mehta & Co as its auditors. As on 31-12-2024, the company has a total of 1,412 Crore shares outstanding.
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