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.
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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