Feb 19, 2013, 02.58 PM IST
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 December 12, 2013, at 12:18 hrs Oil India was quoting at Rs 467.00, up Rs 3.65, or 0.79 percent. The 52-week high of the share was Rs 629.70 and the 52-week low was Rs 415.00.
The company's trailing 12-month (TTM) EPS was at Rs 53.52 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 8.73. The latest book value of the company is Rs 319.59 per share. At current value, the price-to-book value of the company is 1.46.
Action in Oil India
Video of the day
Dec 11 2013, 09:54
- in Business
Dec 4 2013, 11:08
- in FII View
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.