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's board meeting will be held on January
Net Sales are expected to increase by 3.2 percent
"Utpal Bora, Chairman and Managing Director, Oil I
Religare is bullish on Oil India has recommended b
Prabhudas Lilladher has recommended accumulate rat