Indian Oil result: Should you buy, sell or hold stock?
Wed, May 1, 2024 10:35 AM

Indian Oil result: Should you buy, sell or hold stock?

A Flip by Shubhangi Gupta
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Indian Oil Corporation, the state-run oil refiner, reported a 40% sequential fall in its standalone net profit for Q4FY24. IOC posted a net profit of ₹4,837.69 crore in Q4FY24 as against ₹8,063.39 in the previous quarter. Emkay Global slightly tweaked FY25-26 EPS estimates by 2-3% each. It retained an ‘Add’ rating on the stock and revised March-2025 target price by 13% to ₹180 per share.

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