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Buy Hindustan Oil Exploration Company, target Rs 150: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on Hindustan Oil Exploration Company Ltd. with a target price of Rs 150.0 . The current market price of Hindustan Oil Exploration Company Ltd. is Rs 142.05 Time period given by analyst is Intra Day when Hindustan Oil Exploration Company Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 135. Hindustan Oil Exploration Company Ltd., incorporated in 1996, is a smallcap company with a market cap of Rs 1823.64 crore.

Hindustan Oil Exploration Company Ltd. key Products/Revenue Segments include Gas Natural which contributed Rs 16.23 Crore to Sales Value (64.84 % of Total Sales) and Oil Crude which contributed Rs 8.80 Crore to Sales Value (35.15 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2018, the company has reported a Standalone sales of Rs 23.23 Crore, up 73.84 % from last quarter Sales of Rs 13.36 Crore and up 191.41 % from last year same quarter Sales of Rs 7.97 Crore Company has reported net profit after tax of Rs 16.45 Crore in latest quarter. The companys top management includes Mr.Ashok Kumar Goel, Mr.P Elango, Mr.P K Borthakur, Mr.Ramasamy Jeevanandam, Mr.Rohit Rajgopal Dhoot, Mr.Sunil Behari Mathur, Ms.Sharmila H Amin. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 31-03-2018, the company has a total of 130,493,289 shares outstanding.

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