IOC has target price of Rs 345: Jagannadham Thunuguntla

IOC has target price of Rs 345, says Jagannadham Thunuguntla of SMC Global.

Thunuguntla told CNBC-TV18, "IOC is selected with day target price of Rs 345."
The company's trailing 12-month (TTM) EPS was at Rs 29.31 per share. (Jun, 2011). The stock's price-to-earnings (P/E) ratio was 10.90. The latest book value of the company is Rs 227.90 per share. At current value, the price-to-book value of the company was 1.4. The dividend yield of the company was 2.97%.