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Company 1- IOCL
General Overview:
The Indian Oil Corporation (IOC) stock is one stock that many brokerages are
betting on including the likes of Motilal Oswal, Emkay Global and Sharekhan. In
fact, the price targets on the stock are pretty robust from all of these
brokerage houses.
fact, the brokerage also says that pipeline monetization could also act as a big
trigger for the stock.
However, Motilal Oswal is the most bullish on the stock in terms of price
targets of IOC among the three brokerages and has suggested to buy the same
for a solid upside of 52% from the current market price of Rs 106. According to
the firm, IOC reported a beat on its estimates, led by higher-than-estimated
reported gross refining margins and marketing sales volumes, the brokerage
has said. The brokerage said that it values Indian Oil at 1.1 times Sep'23 price
to book value, to arrive at price target of Rs 157 and maintains a Buy.
Indian Oil evidently has many advantages but it needs to leverage its strengths more
in order to minimize its threats.
As one of the leading companies in its segment, Indian Oil has conducted many
marketing campaigns over the years. Let’s take a look at a few.