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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!