Add Indian Oil Corporation Limited and Hold Torrent Power Limited

Add Indian Oil Corporation Limited and Hold Torrent Power Limited

bsh11

Add Indian Oil Corporation Limited:

Indian Oil Corporation Limited

Indian Oil Corporation Ltd has officially announced a consolidated sales of Rs. 1,48,769.23 Cr for the third quarter finished on 31-12-2020, which is 79.54% up from its previous quarter sales of Rs. 82,862.42 Cr and 19.58% up from its previous year same quarter sales of Rs. 1,24,408.06 Cr. The company has reported a net profit after tax of Rs. 3,826.51 Cr in the previous quarter.

Outlook:

Indian Oil Corporation Ltd: Experts suggested Add call at current market price: Rs. 97.25 with a target price: Rs. 105.

Hold Torrent Power Limited:

Torrent Power Limited

Torrent Power Ltd has officially announced a consolidated sales of Rs. 2,990.11 Cr for the third quarter finished on 31-12-2020, which is -5.56% down from its previous quarter sales of Rs. 3,166.10 Cr and 4.02% down from its previous year same quarter sales of Rs. 3,115.48 Cr. The company has reported a net profit after tax of Rs. 321.73 Cr in the previous quarter.

Outlook:

Torrent Power Ltd: Experts suggested hold call at current market price: Rs. 379 with a target price: Rs. 347.

Disclaimer: The perspectives and investment tips are given in this section are the expert’s own and not that of the website or its management. We encourage clients to check with certified experts before taking any position in the stocks/shares mentioned.

Leave a Reply

Your email address will not be published. Required fields are marked *