Sharekhan is bullish on Oil India has recommended buy rating on the stock with a target price of Rs 115 in its research report dated June 29, 2020.
Sharekhan's research report on Oil India
Q4FY2020 adjusted PAT of Rs. 502 crore (down 38.6% y-o-y) was above our estimate as higher-than-expected other income and lower-than-expected DD&A cost was partially offset by miss in gas sales volume and higher operating expenses. Oil sales volume at 0.75mmt (down 3.7% y-o-y; up 3% q-o-q) was in-line with estimates and net oil realisation at $52.2/bbl ...
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