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Indian Oil Corporation - IOCL (HSBC) Government increases fuel prices by 8-15% and lowers duty to rein in losses of oil marketing companies |
| Date | Rating | Target Price | Recommendation Price | Broker house | | 28 Jun 2011 | neutral | 370 (from 343) | -- | HSBC Report | |
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Indian Oil Corporation - IOCL (Credit suisse) Fuel price increases – upstream, standalone refiners should see obvious benefits |
| Date | Rating | Target Price | Recommendation Price | Broker house | | 27 Jun 2011 | neutral | 388 | 337 | Credit suisse Report | |
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Indian Oil Corporation IOCL (ICICI securities) Beats estimates on lower subsidy burden |
| Date | Rating | Target Price | Recommendation Price | Broker house | | 8 Jun 2011 | hold (from buy) | 350 (from 334) | 320 | ICICI securities Report | |
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iocl (Emkay) Results above estimates |
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Clarity on subsidy sharing mechanism is cleared for FY11 but not yet cleared for FY12E;Clarity on subsidy sharing mechanism is cleared for FY11 but not yet cleared for FY12E; Interest cost increased by 99% YoY to Rs.8.6bn; GRM was at $7.85 per bbl as against $6.33 per bbl on QoQ
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 31 May 2011 |
accumulate |
381 |
320 |
Emkay Report |
|
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Indian Oil Corporation IOCL (UBS) 4QFY11: GRMs above expectations |
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results slightly above expectations;Positive on the margin;maintain Buy – An operationally good quarter;Multiple based PT of Rs 390/share | Date | Rating | Target Price | Recommendation Price | Broker house | | 31 May 2011 | buy | 390 | 319 | UBS Report | |
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indian oil corporation (JPMorgan) Subsidy support, refining, forex gains prop 4Q earnings |
IOC reported healthy 4Q profit; Strong refining quarter; Forex gains, pension provisions rise; Subsidies support earnings:; While we expect reforms, we temper our optimism
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 30 May 2011 |
neutral |
410 |
320 |
JPMorgan Report |
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Reports.DesiStockResearch.com |
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Indian Oil Corporation IOCL (Deutsche Bank) Q4FY11 results: Beats estimate on higher compensation |
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IOC reports INR39.1bn net profit for Q4FY11, above estimates;Maintain Hold with INR330/sh target price | Date | Rating | Target Price | Recommendation Price | Broker house | | 30 May 2011 | hold | 330 | 319 | Deutsche Bank Report | |
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indian oil corporation (GoldmanSachs) Risks of higher FY12 subsidy burden priced in |
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 22 May 2011 |
buy |
388 |
318 |
GoldmanSachs Report |
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Reports.DesiStockResearch.com |
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indian oil corporation (MerrillLynchBofA) Upstream best investment for fuel price hike; R M to also rise |
HPCL and IOC stock price may also rise on fuel price hike
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 6 May 2011 |
buy |
413 |
352 |
MerrillLynchBofA Report |
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Reports.DesiStockResearch.com |
|
indian oil corporation (JPMorgan) 3QFY11: GRMs, throughput drive 3Q beat |
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 11 Feb 2011 |
neutral |
410 |
402 |
JPMorgan Report |
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Reports.DesiStockResearch.com |
