29 Sep 2025 | 3 Mins Read
ICICI Securities predicts Indian Oil Corporation target at Rs 170
Flipitmoney
ICICI Securities recommends BUY for Indian Oil Corporation with 17% upside potential due to its diversified growth plan, including aggressive capex to increase petrochemical and renewable energy investments. The stock trades at an attractive valuation of 8.4x FY27E PER and 5.5x EV/EBITDA, with a fair value of INR 170.