The volatility in crude oil prices is expected to continue in short-term, while the new block should provide necessary uptick in production from FY21 onwards. We maintain our HOLD rating on the stock with a roll forward target price of Rs. 107 using SOTP valuation. Topline adversely impacted by weaker realizations In Q3FY20, standalone revenue fell 14.4% YoY to Rs. 23,710cr, on the back of a continued decline in crude oil prices in the global markets. Offshore business revenue dropped 16.8% YoY to Rs. 15,765cr, while Onshore business decreased to Rs. 7,945cr...