SENSEX NIFTY
Feb 19, 2013, 02.58 PM IST | 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.

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 December 19, 2014, Oil India closed at Rs 562.75, up Rs 1.15, or 0.20 percent. The 52-week high of the share was Rs 668.80 and the 52-week low was Rs 439.00.


The company's trailing 12-month (TTM) EPS was at Rs 48.72 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 11.55. The latest book value of the company is Rs 344.48 per share. At current value, the price-to-book value of the company is 1.63.

READ MORE ON  Oil India, Goldman Sachs
Set email alert for

ADS BY GOOGLE

video of the day

Rupee weakness modest, see yields at 7.60% in Q1: Deutsche

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.