Buy Indian Oil, target price Rs 145: Motilal Oswal Financial Services

Motilal Oswal Financial Services recommends a buy call for Indian Oil Corporation with a target of Rs 145. Current market price is Rs 128.5. Indian Oil, a major player in the gas and petroleum sector, reported a total income of Rs 195036.06 crore for Q3 2024. Multiple projects planned till FY27 are expected to drive future growth.