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