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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 October 23, 2014, Oil India closed at Rs 596.30, up Rs 8.85, or 1.51 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 53.63 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 11.12. 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 1.73.

READ MORE ON  Oil India, Goldman Sachs
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