Buy Oil Country Tubular: Nirmal Bang

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Buy Oil Country Tubular: Nirmal Bang

Nirmal Bang has recommended a buy rating on Oil Country Tubular. The company reported a PAT of Rs 24.25 Crs in Q3 FY 09 as against Rs 10.48 Crs in Q3 FY 08 an increase of 131.47% and against Rs 17.79 Crs in Q2 FY 08 an increase of 36.30% QoQ basis.

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Nirmal Bang has recommended a buy rating on Oil Country Tubular in its research report. "The company reported a Net Sales of Rs 120.48 Crs in Q3 FY 09 as against Rs 90.99 Crs in Q3 FY 08 an increase of 32.41% on YoY basis and Rs 84.99 Crs in Q2 FY 08 an increase of 41.75% QoQ basis. The company reported a PAT of Rs 24.25 Crs in Q3 FY 09 as against Rs 10.48 Crs in Q3 FY 08 an increase of 131.47% and against Rs 17.79 Crs in Q2 FY 08 an increase of 36.30% QoQ basis, Buy," says Nirmal Bang's research report.

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