On Friday(13th December,24), the Indian Oil share price closed at Rs.144.20. Jefferies has increased the target price for Indian Oil shares to Rs.185, which was previously set at Rs.165. They have suggested to shareholders of IOC that you can see an upside of about 31% from the last close price of Rs.141.48.
Another analyst, Antique has given a much higher target price of IOC i.e. around Rs.246. According to them, IOC can see an upside in share price of about 70%.
Upcoming days will show whether the market will be on a bullish run or whether it will be a bearish market.
If you are considering investing for a short period of time, we suggest you set a target of about Rs.150. But if you could invest for a longer period of time, then we suggest you buy a good amount of IOC shares and hold them. Once you feel that the suggested target price has reached then you can book profit.
Shares show mostly an upside graph for a longer period of time and the growth in shares is more than the amount of inflation. So, we suggest you invest in the share market, especially in IOC shares, as our study shows good growth in the upcoming time in IOC.
