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Buy Oil India, target price Rs 185: Abhijit Pathak

Abhijit Pathak recommended to keep stoploss at Rs 158.

ETMarkets.com|
Updated: Nov 06, 2019, 09.32 AM IST
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Oil India Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 18391.51 Crore) operating in Gas & Petroleum sector.
Abhijit Pathak of Definedge Solutions has buy call on Oil India Ltd. with a target price of Rs 185.0 . The current market price of Oil India Ltd. is Rs 170.1 Abhijit Pathak recommended to keep stoploss at Rs 158
Oil India Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 18391.51 Crore) operating in Gas & Petroleum sector.

Oil India Ltd. key Products/Revenue Segments include Oil Crude which contributed Rs 10956.01 Crore to Sales Value (79.76 % of Total Sales), Gas Natural which contributed Rs 1698.96 Crore to Sales Value (12.36 % of Total Sales), Other Operating Revenue which contributed Rs 375.05 Crore to Sales Value (2.73 % of Total Sales), Income From Transportation Services which contributed Rs 365.34 Crore to Sales Value (2.65 % of Total Sales), Renewable Energy System which contributed Rs 144.54 Crore to Sales Value (1.05 % of Total Sales), Liquefied Petroleum Gas which contributed Rs 141.53 Crore to Sales Value (1.03 % of Total Sales), Condensate which contributed Rs 39.64 Crore to Sales Value (0.28 % of Total Sales) and Income from OFC Fibre Leasing which contributed Rs 13.89 Crore to Sales Value (0.10 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 3380.87 Crore, up 9.16 % from last quarter Sales of Rs 3097.26 Crore and down -.48 % from last year same quarter Sales of Rs 3397.10 Crore Company has reported net profit after tax of Rs 562.91 Crore in latest quarter. The company’s top management includes Dr.P Chandrasekaran, Dr.Priyank Sharma, Dr.Tangor Tapak, Mr.Amar Nath, Mr.Anil Kaushal, Mr.Biswajit Roy, Mr.Gagann Jain, Mr.Harish Madhav, Mr.P K Sharma, Mr.Rohit Mathur, Mr.S Manoharan, Mr.Sushil Chandra Mishra, Ms.Amina R Khan, Prof. (Dr)Asha Kaul. Company has N C Baneijee & Co as its auditoRs As on 30-09-2019, the company has a total of 1,084,405,194 shares outstanding.

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