NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Oil India Ltd.'s production growth guidance remained robust, with drilling activity and development wells in old areas contributing to this growth.
Oil India is also implementing new technologies to increase production. Capacity expansion for Numaligarh Refinery Ltd. (from 3 million metric tonne to 9 mmt) is also expected to be completed by Dec-25, which will drive further growth.
The company remains a strong conviction at 1.5 times FY26E price/book (standalone) valuation. We value the stock at nine tomes Dec-26E standalone adjusted earnings per share and add investments to arrive at our target price of Rs 662. Reiterate Buy.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
Mahanagar Gas Hikes CNG Price By Rs 2 Amid Domestic Gas Allocation Cut
Nov 22, 2024
US Core CPI Remains Firm For Third Straight Month With 0.3% Gain
Nov 13, 2024
SAIL Q2 Review - Earnings Beat On Provisional Rail Price Revision; Growth Plan Intact: Systematix
Nov 11, 2024
NLC India - Growth Outlook Intact; Maintain 'Buy': Axis Securities
Nov 06, 2024
POPULAR