HOEC has target of Rs 145-150: IIFL

Hindustan Oil Exploration (HOEC) has target of Rs 145-150, says Amit Harchekar of IIFL.

Harchekar told CNBC-TV18, “I like Hindustan Oil Exploration at current levels. The stock has given a good accumulation close to Rs 125-126 zone and I believe that would turn as a good support zone."
He further added, "The short term target for HOEC is at around Rs 145-150 and since I am expecting the crude price to go up, I believe this stock should be outperforming the market."