Purchase Oil India, target rate Rs 300: Axis Securities

Synopsis Oil India, included in the year 1959, is a Mid Cap business (having a market cap of Rs 27977.65 Crore) operating in Gas & Petroleum sector.IANSHINDIThe breakout is accompanied with a boost in volume validating involvement at breakout level.Axis Securities has purchase get in touch with Oil India with a target cost of Rs 300. The existing market value of Oil India is Rs 257.95. Axis Securities suggested to keep stop loss at Rs 233. Oil India, integrated in the year 1959, is a Mid Cap business (having a market cap of Rs 27977.65 Crore) operating in Gas & Petroleum sector. Oil India essential Products/Revenue Segments consist of 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 31-12-2022, the business has actually reported a Consolidated Total Income of Rs 10712.11 Crore, up 24.58 % from last quarter Total Income of Rs 8598.85 Crore and up 31.23 % from in 2015 exact same quarter Total Income of Rs 8162.56 Crore. Business has actually reported net earnings after tax of Rs 2799.95 Crore in newest quarter. The business’s leading management consists of Dr.Ranjit Rath, Mr.Harish Madhav, Mr.Pankaj Kumar Goswami, Dr.Manas Kumar Sharma, Ms.Pooja Suri, Mr.Raju Revanakar, Mr.Samik Bhattacharya, Mr.Vinod Seshan, Ms.Mamta. Compan
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