IndianOil ratings
New Delhi   12-Aug-2008
Target: NIL CMP: Rs 443.15 Indiabulls has retained "hold" rating for IndianOil on, August 8. Although crude oil prices have eased off from the record $147 per barrel levels, it believed that supply-side constraints would continue; thus, prices should remain firm in the near-term. "As the company is facing a liquidity crunch and is bearing a significant amount of under-recoveries, we reiterate our Hold rating on die stock," it said.