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Buy Oil India; target of Rs 110: Motilal Oswal


Motilal Oswal is bullish on Oil India recommended buy rating on the stock with a target price of Rs 110 in its research report dated June 29, 2020.

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Motilal Oswal 's research report on Oil India

Oil India’s (OINL) 4QFY20 oil and gas sales were in line with estimates. However, EBITDA (excluding impairment) was 5% lower than estimates. The company recorded impairment and write offs of ~INR17.8b during the quarter. - For FY20, oil sales were down 5% YoY to 3.06mmt and gas sales were down 4% YoY to 2.4bcm, as operations were ...


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