Buy Oil India, target Rs 375: Sagar Doshi

Sagar Doshi of Edelweiss Financial Services has a buy call on Oil India with a target price of Rs 375.

The current market price of Oil India is Rs 352.05.

Time period given by the analyst is intraday when Oil India price can reach defined target.

Sagar Doshi recommended to keep a stop loss at Rs 340.

Oil India, incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 26,636.19 Crore) operating in Petroleum sector.

Oil India key Products/Revenue Segments include Oil Crude which contributed Rs 7253.22 Crore to Sales Value (76.26 per cent of Total Sales), Gas Natural which contributed Rs 1,331.33 Crore to Sales Value (13.99 per cent of Total Sales), Income From Transportation Services which contributed Rs 356.18 Crore to Sales Value (3.74 per cent of Total Sales), Other Operating Revenue which contributed Rs 322.46 Crore to Sales Value (3.39 per cent of Total Sales), Renewable Energy System which contributed Rs 110.68 Crore to Sales Value (1.16 per cent of Total Sales), Liquefied Petroleum Gas which contributed Rs 103.34 Crore to Sales Value (1.08 per cent of Total Sales), Condensate which contributed Rs 21.69 Crore to Sales Value (0.22 per cent of Total Sales) and Income from OFC Fibre Leasing which contributed Rs 11.49 Crore to Sales Value (0.12 per cent of Total Sales)for the year ending 31-Mar-2017.

The company’s top management includes Dr.P Chandrasekaran, Mr.Amar Nath, Mr.Biswajit Roy, Mr.P K Sharma, Mr.Priyank Sharma, Mr.S Manoharan, Mr.Sunjay Sudhir, Mr.Utpal Bora, Mrs.Asha Kaul, Mrs.R S Borah, Ms.Amina R Khan.

Company has N C Baneijee & Co as its auditors.

As on 30-06-2017, the company has a total of 756,602,607 shares outstanding.