KR Choksey is bullish on Indian Oil Corporation has recommended buy rating on the stock with a target price of Rs 185 in its research report dated May 21, 2019.
HDFC Securities is bullish on Indian Oil Corporation has recommended buy rating on the stock with a target price of Rs 190 in its research report dated May 21, 2019.
The initiative provides pit stops for drivers to take rest, thereby supporting their physical and mental well-being.
The MoU was signed here in the presence of Cooperation Minister Sukhjinder Singh Randhawa and Additional Chief Secretary (Cooperation), Punjab, Viswajeet Khanna, an official release said.
Oil prices recouped more than 1% on Friday but were on track for their biggest weekly loss this year after swelling inventories and jitters over an economic slowdown led to big falls earlier in the week.
Prabhudas Lilladher is bullish on Indian Oil Corporation has recommended buy rating on the stock with a target price of Rs 207 in its research report dated May 20, 2019.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 6.9 percent Y-o-Y (up 184.2 percent Q-o-Q) to Rs. 10,258.7 crore.
Net Sales are expected to increase by 8.5 percent Y-o-Y (down 9 percent Q-o-Q) to Rs. 127,395 crore, according to Prabhudas Lilladher.
The supply, which was stopped around noon was restored at around 5 pm after airline assured the oil firm of payment of dues.
Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 21 points or 0.18 percent. Nifty futures were trading around 11,532-level on the Singaporean Exchange.
KR Choksey is bullish on Indian Oil Corporation has recommended buy rating on the stock with a target price of Rs 185 in its research report dated February 04, 2019.
Bendang Naro, the business representative, and her associate Lal Chand Choudhry have also been arrested for allegedly paying the bribe to Datta to help them secure new retail outlets of Indian Oil across the Northeast, they said.
The bonds have been rated Baa2 by Moody's and BBB- by Fitch Ratings.
The Public Enterprises Survey 2017-18, which mapped the performance of central public sector units, revealed that the top ten loss making PSUs claimed 84.71 per cent of the total losses made by all the 71 CPSEs.
Anita Gandhi, Whole Time Director at Arihant Capital Markets agreed with Vineeta, saying high dividend yield & falling oil prices have given good safety to the investor in holding stock for the long term.
The government's stake in IOC now stands at 54.06 percent, according to a disclosure filed by the company.
As the crude is raw material for these companies, any ups and downs in oil prices always have direct impact on their operational income.
GAIL has an existing partnership with Greater Calcutta Gas Supply Corporation for city gas which already has a piped gas infrastructure in metropolitan area and some portions of adjoining districts of Kolkata.
Nomura expects oil marketing companies to share subsidy burden due to strong financials. Stake sales by government is another overhang for these companies, it said.
Crude oil is the raw material for oil marketing companies. So any fall or rise in oil prices is always have direct impact on their earnings and stock prices.