93.25 -2.45 (-2.56%)
NSE Jul 16, 2020 15:31
Volume: 1.1M

Oil India Ltd.    
29 Jun 2020
HDFC Securities
Our TP is INR 100 (6x EV/e Sep-21E standalone earnings and INR 77 from investments).The stock is currently trading at 4.4x FY22 EV/e. Our ADD recommendation on Oil India with a TP of INR 100 is premised on rich OCF yield of 28/36% and divided yield of 3/7% over FY21/22E. We believe the current valuations are contextually low at 3.7x FY22 PER.
Number of FIIs/FPIs holding stock fell by 7 to 228 in Mar 2020 qtr.
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