Phillip Securities Sticks to Its Buy Rating for Oil India Limited (OIL)
In a report released yesterday, from Phillip Securities maintained a Buy rating on Oil India Limited (OIL – Research Report), with a price target of INR545.00. The company's shares closed last Friday at INR426.80.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Oil India Limited with a INR462.00 average price target.
Based on Oil India Limited's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of INR81.2 billion and a net profit of INR18.86 billion. In comparison, last year the company earned a revenue of INR62.08 billion and had a net profit of INR14.27 billion
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