Indian Oil Corporation (IOC) – Page 5

April 22, 2019April 22, 2019

Positive on Indian Oil Corporation, says stock expert Prakash Diwan

In an interview to CNBC-TV18, Prakash Diwan of www.prakashdiwan.in, market expert Ashwani Gujral of ashwanigujral.com and Ajay Srivastava of Dimensions Corporate Finance Services shared their reading and outlook on specific stocks and sectors.

They spoke at length about Bharat Petroleum Corp (BPCL), Yes Bank, and Indian Oil Corporation (IOC).

Follow stock recommendations by Ashwani Gujral here: https://www.cnbctv18.com/author/ashwani-gujral-115/

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

April 22, 2019April 22, 2019

Stock analyst Prakash Gaba recommends sell on Indian Oil Corporation & Union Bank

The latest analysis and commentary by stock market guru Prakash Gaba of prakashgaba.com on what is moving the markets today. Check out his top stock recommendations.

He spoke at length about NIIT Technologies, Ashok Leyland, Indian Oil Corporation (IOC), and Union Bank of India.

“I have two stocks both on the short side Indian Oil looks weak. It can see a slide to around Rs 145 zones Rs 144 is possible stop above Rs 153. Union Bank again looks weak to me possible target on the downside is Rs 84 stop above Rs 91.”

“NIIT Tech looks good, possible target on the upside is Rs 1,340, stop below Rs 1,300. Stocks that look weak is Ashok Leyland. A slide to Rs 90-88 is a possibility, stop above Rs 95. Structure is positive but a slide is possible in Ashok Leyland,” he said.

Follow stock recommendations by Prakash Gaba here: https://www.cnbctv18.com/author/prakash-gaba-117/

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

April 8, 2019April 8, 2019

Positive on Indiabulls Housing Finance, says stock analyst Mitessh Thakkar

7. US Market: Wall Street edged higher to extend a strong start to the quarter as a rally among chipmaker shares provided a boost to the broader market. The Dow rose 0.15 percent, while the S&P 500 gained 0.21 percent and the Nasdaq 0.6 percent. (Reuters)

In an interview to CNBC-TV18, Dipan Mehta, Director of Elixir Equities and market expert Mitessh Thakkar, www.mitesshthakkar.com shared their reading and outlook on specific stocks and sectors.

They spoke at length about Bharat Petroleum (BPCL), Indian Oil Corporation (IOC), Indiabulls Housing Finance, Lakshmi Vilas Bank, and NIIT Technologies.

Follow stock recommendations by Mitessh Thakkar here: https://www.cnbctv18.com/author/mitessh-mthakkar-111/

March 20, 2019March 20, 2019

Positive on Infosys and negative on YES Bank, says Mitessh Thakkar

In an interview to CNBC-TV18, Gaurang Shah of Geojit Financial Services and market expert Mitessh Thakkar shared their reading and outlook on specific stocks and sectors.

They spoke at length about YES Bank, Indian Oil Corporation (IOC), Infosys, Ashok Leyland.

Follow stock recommendations by Mitessh Thakkar here: https://www.cnbctv18.com/author/mitessh-mthakkar-111/

March 13, 2019March 13, 2019

Positive on IndusInd Bank; the stock can head towards Rs 1,800-1,850 zones, says Mitessh Thakkar

In an interview to CNBC-TV18, Mayuresh Joshi, Angel Broking and market expert Mitessh Thakkar shared their reading and outlook on specific stocks and sectors.

They spoke at length about IndusInd Bank, Indian Oil Corporation (IOC), JSW Steel.

Follow stock recommendations by Mitessh Thakkar here: https://www.cnbctv18.com/author/mitessh-mthakkar-111/

March 7, 2019March 7, 2019

CA Rudramurthy on March 7: Buy NIIT Technologies, DCB Bank & sell Reliance Capital

Watch the interview of Ashwani Gujral, Sudarshan Sukhani, and CA Rudramurthy BV of Vachana Investments with Prashant Nair and Ekta Batra on CNBC-TV18, in which they shared their readings and outlook on market technicals, fundamentals and F&O side of the market as well as specific stocks and sectors.

They also spoke at length on Larsen & Toubro (L&T), Ujjivan Financial Services, Sun TV, NBCC, Mahindra & Mahindra (M&M), Indian Oil Corporation (IOC), Bharat Electronics (BEL), Suzlon Energy, NIIT Technologies, Reliance Capital, and DCB Bank.

While recommending his stock ideas Sudarshan Sukhani said, “Larsen & Toubro (L&T) is a buying opportunity. L&T has been an outstanding performer in the recent times after building a small base and breaking out. This could be an outperformer throughout the year of 2019. Ujjivan Financial Services is a buy. Generally I am not upbeat on the NBFC stocks buy Ujjivan in an exception. There is a strong base here and a breakout for the day it is a buying opportunity. Sun TV is a short sell.”

Ashwani Gujral’s stock picks are, “Mahindra & Mahindra (M&M) is a buy with a stop of Rs 665 target of Rs 690. Indian Oil is a sell with a stop of Rs 154 target of Rs 142 and BEL is a sell with a stop of Rs 92 target of Rs 85.”

CA Rudramurthy F&O strategies are “For me three stocks are looking very positive. NIIT Technologies look for me very strong. Stock is currently consolidating and can head towards levels of Rs 1,370 and have a stop loss of Rs 1,309 for this long call. DCB Bank looks very strong. Already stock has given a clear breakout. Initial targets of Rs 207 can be seen with stop loss of Rs 195. For me even Raymond, V-Guard Industries, Balkrishna Industries these type of good midcap stocks are available in F&O can do very good. Just to hedge my portfolio I have one short call Reliance Capital has a very strong resistances at levels of Rs 192 to 193 zones. Today it has clearly taken resistances there so just to hedge my long portfolio I am taking short position on Reliance Capital strict stop loss of Rs 195 and looking for targets of Rs 170 on Reliance Capital.”

Follow stock recommendations by Ashwani Gujral here: https://www.cnbctv18.com/author/ashwani-gujral-115/

Follow stock recommendations by Sudarshan Sukhani here: https://www.cnbctv18.com/author/sudarshan-sukhani-159/

February 20, 2019February 20, 2019

Sudarshan Sukhani on February 20: Buy Britannia Industries, Tech Mahindra, ICICI Bank

The latest analysis and commentary by stock market guru Sudarshan Sukhani on what is moving the markets today.

He also spoke at length on Larsen & Toubro (L&T), UPL, Bata India, Exide Industries, BEML, Britannia Industries, Tech Mahindra, Britannia Industries, Tech Mahindra, ICICI Bank, and Indian Oil Corporation (IOC).

Sudarshan Sukhani’s recommendations are, “Consider buying Britannia, it is a good quality stock. It has fallen, it has come to a support level and is now bouncing back. It is worth going on the long side. Tech Mahindra has been an outperformer, we should go for it and continue with that theme. It is likely to have some more momentum on the upside. ICICI Bank and HDFC Bank are the reasons why the Nifty Bank is up today. Consider buying ICICI Bank also.”

“Britannia Industries is a buying opportunity, buy Britannia with a stop at Rs 2,880 and a target of Rs 2,960. Tech Mahindra is my favourite tech stock is a buy Rs 785 is your stop and Rs 820 is your target.”

“There are midcap buying opportunities that keep on coming. Starting with Bata which shows us remarkable amount of strength Bata is a buying opportunity. It is not necessary from markets to fall everyday. The view is very clear we are heading towards 10,000 but today day to day could be different. For today Bata is a buy. UPL is a buy, another outstanding performer in the midcap segment and that big boy L&T is a buying opportunity. L&T seems to be finding support at lower levels and probably I guess investment buying is coming here slowly and steadily.”

Follow stock recommendations by Sudarshan Sukhani here: https://www.cnbctv18.com/author/sudarshan-sukhani-159/

February 5, 2019

HPCL Q3 results today: Expect a weak quarter due to high inventory losses

Hindustan Petroleum Corp Ltd (HPCL) will unveil its third-quarter earnings on Tuesday and the oil refiner is set to report weak set of earnings this time around.

The street is expecting weak set of numbers for HPCL. The gross refining margins (GRMs) for Indian Oil Corporation (IOC) were at a multi-year low because of higher inventory losses and that is something the analysts are expecting for HPCL as well.
The benchmark Singapore refining margins have declined by 31 percent sequentially because of lower gasoline cracks and that is something that will reflect in the numbers as well. So a decline of 2 percent in terms of revenues is expected. EBITDA is expected to decline by 53 percent and operating profit margins also are expected to take a hit of around 220 basis points (bps).
In terms of profitability, there are mixed views. Some of the brokerages are expecting a loss, while some are expecting a profit. Profits of around Rs 621 crore is expected. That would mean profits almost getting halved on a sequential basis.
In terms of refining, HPCL has the lowest GRMs across oil marketing companies (OMCs) due to lowest distillate yields and also higher share of gasolines where the cracks have been very low. So the street is expecting very low or even negative GRMs for HPCL this time around.

January 25, 2019January 25, 2019

Prakash Gaba on January 25: Buy IOC & Jubilant Foodworks

The latest analysis and commentary by stock market guru Prakash Gaba on what is moving the markets today. Check out his top stock recommendations.

He spoke at length about Indian Oil Corporation (IOC), Jubilant Foodworks, Dr Reddys Laboratories (DRL), Shriram Transport Finance Corporation, State Bank of India (SBI) and Tata Elxsi.

“IOC looks good to me, it can climb to levels closer to around Rs 141-142 zones, stop below Rs 137 should be okay. Jubilant Foodworks is giving up some traction. Possible target on the upside is Rs 1,250 zones, stop below Rs 1,195, it is looking good as well,” he said.

“DRL looks good to me, a good base formation, upmove is continuing, target on the upside is Rs 2,700, stop below Rs 2,650. I like Shriram Transport as well. looks like we have seen 7-8 days of downmove, upmove should start, yesterday was a first indication we got that it is going up, target on the upside Rs 1,150-1,160 in a day or two, stop below Rs 1,090 should be okay. I also like SBI. Looks like PSU basket could be up today and SBI being the strongest stock, target on the upside, Rs 295, stop below Rs 285 and have a sell on Tata Elxsi. Broken down structure, looks like it can see a slide to around Rs 900 zone, a very tight stop above Rs 940 should be okay,” he added.

Follow stock recommendations by Prakash Gaba here: https://www.cnbctv18.com/author/prakash-gaba-117/

December 5, 2018December 5, 2018

Shares of this company have risen almost 50% since its listing on November 5

Shares of Adani Gas Ltd (AGL) gained almost 50 percent since its listing on November 5. The stock was expected to list around Rs 40-45 per share, but listed at Rs 72 per share.

At 1322 hours on December 5, Adani Gas was trading at Rs 104.40 per share, up 9.21 percent on the BSE.

Adani Gas, in its filing on November 21 said, “AGL has bagged authorisation from the Petroleum and Natural Gas Regulatory Board, Government of India to expand its city gas footprint in 13 new geographical areas (GAs) in the recently concluded 9th round of CGD bidding.”

In addition, the company has also won 9 GAs in its joint venture company with Indian Oil Corporation, i.e. Indian Oil – Adani Gas Ltd. (IOAGPL), it said.

In FY18, AGL reported a turnover of Rs 1,395 crore and Ebitda of Rs 374 crore. The volumes increased by 17 percent year-on-year to 479 mmscm (million metric standard cubic metres).

The company achieved a y-o-y volume growth of 12 percent in the CNG segment and 23 percent in the PNG segment.

AGL has total debt of around Rs 300 crore, but the company is on an expansion phase and this may increase the debt levels.