New Delhi, May 1 -- Indian Oil Corporation share price: Indian Oil Corporation reported a good Q4 Results performance. Jefferies India Private Ltd maintained positive outlook post Q4 results for Indian Oil Corporation, maintaining Buy ratings and target price for Indian Oil Corporation share price.

1.Better than expected operating performance - The better-than-expected refining and marketing margins meant that at around Rs.13500 crore (up 29% year over year and 91% quarter over quarter), Q4 earnings before interest tax depreciation and amortization were 81% higher than Jefferies estimates

2.Strong Marketing Margins- Despite losses of Rs.5600 crore on liquid petroleum gas, the Q4 marketing profitability exceeded Jefferies' estimates with...