Indian Oil shares fall after analysts cut price targets post Q2 earnings miss

Out of the 32 analysts that have coverage on Indian Oil Corporation Ltd., 13 of them have a ‘Sell’ rating on the stock with price targets ranging to as low as ₹110.

Out of the 32 analysts that have coverage on Indian Oil Corporation Ltd., 13 of them have a ‘Sell’ rating on the stock with price targets ranging to as low as ₹110.

On Tuesday, market tech analyst Mitessh Thakkar recommended these stocks for the short term.

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BHEL reported a surprise net profit in the September quarter on Monday, contrary to expectations of a net loss. The result saw the stock jump as much as 10% intraday before ending with gains of just over 6%.

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