Securities has buy call on Oil India with a target price of Rs 255. The current market price of . is Rs 198.5.
Oil India Ltd., incorporated in the year 1959, is a Mid Cap company (having a market cap of Rs 21427.85 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 and Condensate for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 8598.85 Crore, down -26.16 % from last quarter Total Income of Rs 11645.49 Crore and up 15.89 % from last year same quarter Total Income of Rs 7420.13 Crore. Company reported net profit after tax of Rs 1728.50 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 56.66 per cent stake in the company as of 30-Sep-2022, while FIIs owned 12.42 per cent, DIIs 15.37 per cent.
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