Oil India rises on Goldman Sachs buy report

State-controlled oil producer Oil India gained nearly one percent intraday on Tuesday as the research firm Goldman Sachs upgraded the stock to a buy rating with a target price of Rs 650.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Travelcafe
moneycontrol.com

Home » News » Business

Feb 19, 2013, 02.58 PM | Source: Moneycontrol.com

Oil India rises on Goldman Sachs buy report

State-controlled oil producer Oil India gained nearly one percent intraday on Tuesday as the research firm Goldman Sachs upgraded the stock to a buy rating with a target price of Rs 650.

Like this story, share it with millions of investors on M3

Oil India rises on Goldman Sachs buy report

State-controlled oil producer Oil India gained nearly one percent intraday on Tuesday as the research firm Goldman Sachs upgraded the stock to a buy rating with a target price of Rs 650.

Post Your Comments

Share Cancel

State-controlled oil producer Oil India gained nearly one percent intraday on Tuesday as the research firm Goldman Sachs upgraded the stock to a buy rating with a target price of Rs 650.

"A significant fall in gross under-recoveries could lead to a steady rise in net realizations. Every 1 dollar increase in gas prices impacts the company's EPS by about 7 percent," Goldman Sachs reasoned.

At 14:47 hours IST, shares went up 0.52 percent to Rs 549.20 on Bombay Stock Exchange.

Also Read - See subsidy burden of Rs 8100 cr in Q4: Oil India

Oil India stock price

On April 29, 2016, Oil India closed at Rs 331.35, up Rs 1.45, or 0.44 percent. The 52-week high of the share was Rs 503.95 and the 52-week low was Rs 300.50.


The company's trailing 12-month (TTM) EPS was at Rs 40.13 per share as per the quarter ended December 2015. The stock's price-to-earnings (P/E) ratio was 8.26. The latest book value of the company is Rs 357.89 per share. At current value, the price-to-book value of the company is 0.93.

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Oil India rises on Goldman Sachs buy report

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login