INDIAN OIL CORPORATION EQUITY SHARE ANALYSIS AND RECOMMENDATION
INDIAN OIL CORPORATION EQUITY SHARE ANALYSIS INDIAN OIL CORPORATION SHARE AT 52 WEEKS LOW. BEST FOR BUY AT RS. 105 TO RS. 110 LEVEL ANALYSIS FOR RECOMMENDATION RECOMMENDATION FOR BUY BETWEEN RS. 105-RS.110 CURRENT VALUE - RS. 115- RS. 120 TARGET - RS. 150 - RS.160 QUALITY - GOOD VALUATION - AVERAGE FINANCIAL TREND - DOWN LAST THREE YEAR SALES GROWTH - 15 % PE - 9.90 (<10 GOOD) FACE VALUE - 10 EARNING YIELD MORE THAT 11% BETTER THAN BANK CURRENT INTEREST LEVEL BOOK VALUE - 119 HIGHER THAT CURRENT MARKET PRICE OWNER - GOVERNMENT OF INDIA SO RISK FREE LAST ONE YEAR LOW - RS. 117 EPS GROWTH - GOOD CONTINUOUSLY MAKING PROFIT FROM LAST 10 YEARS DIVIDEND TOO PAYING CONTINUOUSLY PROS: Stock is trading at 0.98 times its book value Stock is providing a good dividend yield of 7.68%. Company has been maintaining a healthy dividend payout of 61.31% CONS: Promoter holding has decreased by -0.68% over last quarter