Prabhudas Lilladher recommended accumulate rating on Oil India with a target price of Rs 236 in its research report dated November 13, 2018.
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Prabhudas Lilladher's research report on Oil India
We marginally tweak our estimates for FY19/20E. OINL stock has underperformed broader index due to benign crude price and weak volume trajectory. Capital allocation risk is also there given investments in Mozambique where returns will be back ended.
Outlook
We maintain 'Accumulate' with a price target of Rs236 (Rs238 earlier) based on 10x FY19E.
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Read MoreFirst Published on Nov 14, 2018 05:34 pm
