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 May 26, 2016, at 12:19 hrs Oil India was quoting at Rs 347.55, up Rs 5.30, or 1.55 percent. The 52-week high of the share was Rs 487.00 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 8.66. 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 0.97.
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