Decent Numbers: IG Petro BSE: 500199 Price 735. Target 960.SL 630. Add on dips towards 670-680.
Stock is trading at 17-18 times Annualised current quarterly earnings, while the Industrial PE is at 24.
We have a target of 22 times Annualized current quarterly EPS of 10.9 i.e 960.
Earlier call on IG Petro: