62.6 million Petroleum products in domestic and international market with 3.64 million tons of natural gas and net profit of Rs. 2950 Cr- A simple way to celebrate its Golden Jubilee in 2009. It’s a long journey for Indian Oil Corporation Limited proudly called as Indian-oil and with a sales turnover of Rs. 2, 85,337 Cr, It is India’s finest commercial giant, who earned a net profit of Rs. 2, 950 Cr for last year.
Prestigious Fortune Global 500 listing had shown Indian-oil at 105th place. Established in 1959 as Indian Oil Company Limited and later renamed as Indian Oil Corporation Limited. Indian-Oil plus its subsidiaries holds almost 48% petroleum products market share, 34% national refining capacity and 71% downstream sector pipelines capacity in India.
Indian-Oil Group of companies produces 1.2 million barrel oil per day with the help of its 10 own major refineries and spanning a 10000km pipe line network of crude oil. Main objective of Indian oil is to cater the energy needs of the market in a cost effective and environment-friendly manner. In a short term plan Indian Oil is investing Rs. 43,400 Cr in modification and diversification projects of refining and pipeline capacities, expansion of marketing infrastructure and product quality up-gradation. Building a State of art refinery at Paradip in coming 4 years is included in this plan.
Indian Oil operates 18,278 selling fuel stations across the nation. Their cooking gas company reaches 53 million homes through a complex yet reliable network of about 5,000 distributors. An ISO-9002 certified Aviation Service controlling 63% market share in aviation fuel business, catering the fuel requirement of domestic and international carriers, private airlines and Defense Services and substantial share of the industrial, railways, state transportation, agricultural and marine sectors. Asia’s most profound and sophisticated R&D Center is owned by Indian-oil.
According to market Analysis Report every third house in nation buys Indian-oil products. The Company has a reputation of yielding high returns for the investors who buy its stocks for long term investment. If you like to have a more clear view of its market performance then you can request free stock tips India, reports and analysis from this platform.
Buy IOC with target of Rs 410 and stop loss of Rs 395, says Salil Sharma, technical analyst, on Zee Business. The stock is currently trading at Rs 403.40, up 1% on the BSE.
Buy IOC with target of Rs 410 and stop loss of Rs 385, say Salil Sharma, technical analyst, on CNBC TV18.
Buy IOC only on dips with target of Rs 650 and stop loss of Rs 350, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 402.40, up 6.7% on the BSE
Hold IOC with targets of Rs 370 and 395 and trailing stop loss of Rs 340, says Nitin Murarka of SMC Global on Zee Business. The stock is currently trading at Rs 352.15, down 0.3% on the BSE.
Buy IOC at Rs 330 with target of Rs 360 and stop loss of Rs 320, says Neera Jain, technical analyst, on NDTV Profit. The stock is currently trading at Rs 343.40, up 1% on the BSE.