Indian Oil Posts Q2 Earnings Beat; Nomura Sees 42% Upside
Indian Oil Corporation reported September-quarter net and operating profit ahead of market estimates. Nomura sees 42% upside in the shares.
Shares of Indian Oil Corporation (IOC) will be in focus on Monday, November 2, after the state-run oil marketing company reported a sharp improvement in its September-quarter earnings, with net profit and operating profit significantly ahead of market estimates.Strong refining performance, inventor…