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Buy Indian Oil Corporation, advises Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com recommends buying Indian Oil Corporation for target of Rs 425.

April 10, 2017 / 11:40 IST

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have a buy on Indian Oil Corporation (IOC). OMCs are still doing well in a falling market. So, IOC is a buy with a stop loss of Rs 400 for target of Rs 425."

At 11:26 hrs Indian Oil Corporation was quoting at Rs 409.90, up Rs 12.70, or 3.20 percent. It has touched a 52-week high of Rs 410.45.

The share touched its 52-week high Rs 403.95 and 52-week low Rs 202.85 on 07 February, 2017 and 24 May, 2016, respectively.

first published: Apr 10, 2017 11:30 am

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