Decent Numbers: IG Petro BSE: 500199 Price 735. Target 960.

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:

IG Petro Hits target of 710. Revised Target 920. SL 590. Add on dips.

source http://gale.in/decent-numbers-ig-petro-bse-500199-price-735-target-960/