Buy Indian Oil Corporation Limited and Bharti Airtel Limited

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Buy 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 buy call at current market price: Rs. 93.50 with a target price: Rs. 100; Stoploss: Rs. 90.4.

Buy Bharti Airtel Limited:

Bharti Airtel Limited

Bharti Airtel Ltd has officially announced a consolidated sales of Rs. 26,518 Cr for the third quarter finished on 31-12-2020, which is 5.8% up from its previous quarter sales of Rs. 14,779 Cr and 59.30% up from its previous year same quarter sales of Rs. 12,053 Cr. The company has reported a net profit after tax of Rs. 110 Cr in the previous quarter.

Outlook:

Bharti Airtel Ltd: Experts suggested buy call at current market price: Rs. 544.50 with a target price: Rs. 533; Stoploss: Rs. 565.

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.

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