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    Buy Oil India, target price Rs 255: HDFC Securities

    Synopsis

    Oil India Ltd., incorporated in the year 1959, is a Mid Cap company (having a market cap of Rs 22317.06 Crore) operating in Gas & Petroleum sector.

    oil india limitedAgencies
    Promoters held 56.66 per cent stake in the company as of 31-Mar-2022, while FIIs owned 11.23 per cent, DIIs 16.84 per cent.
    HDFC Securities has buy call on Oil India with a target price of Rs 255. The current market price of Oil India Ltd. is Rs 206.1. Time period given by analyst is one year when Oil India Ltd. price can reach defined target.

    Oil India Ltd., incorporated in the year 1959, is a Mid Cap company (having a market cap of Rs 22317.06 Crore) operating in Gas & Petroleum sector.

    Oil India Ltd. key Products/Revenue Segments include Oil Crude, Gas Natural, Income From Transportation Services, Other Operating Revenue, Renewable Energy System, Condensate and Income from OFC Fibre Leasing for the year ending 31-Mar-2021.


    Financials
    For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 9294.52 Crore, up 13.87 % from last quarter Total Income of Rs 8162.56 Crore and up 29.21 % from last year same quarter Total Income of Rs 7193.40 Crore. Company reported net profit after tax of Rs 2909.79 Crore in latest quarter.



    Promoter/FII Holdings
    Promoters held 56.66 per cent stake in the company as of 31-Mar-2022, while FIIs owned 11.23 per cent, DIIs 16.84 per cent.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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