Hold Oil India Ltd. target Rs 290: Sharekhan

Sharekhan has hold call on Oil India Ltd. with a target price of Rs 290.0 . The current market price of Oil India Ltd. is 266.3 Time period given by analyst is Quarter when Oil India Ltd. price can reach defined target. Sharekhan recommended to keep stoploss at Rs 0
Oil India Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of ₹ 21344.33 Cr.) operating in Petroleum sector.

Oil India Ltd. key Products/Revenue Segments include Oil Crude which contributed ₹ 6794.74 Cr to Sales Value (69.58 % of Total Sales), Gas Natural which contributed ₹ 1813.24 Cr to Sales Value (18.56 % of Total Sales), Other Operating Revenue which contributed ₹ 499.42 Cr to Sales Value (5.11 % of Total Sales), Income From Transportation Services which contributed ₹ 362.99 Cr to Sales Value (3.71 % of Total Sales), Liquefied Petroleum Gas which contributed ₹ 129.00 Cr to Sales Value (1.32 % of Total Sales), Renewable Energy System which contributed ₹ 101.93 Cr to Sales Value (1.04 % of Total Sales), Condensate which contributed ₹ 54.15 Cr to Sales Value (0.55 % of Total Sales) and Income from OFC Fibre Leasing which contributed ₹ 9.40 Cr to Sales Value (0.09 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-03-2017, the company has reported a Standalone sales of ₹ 2435.53 Cr., up 2.49 from last quarter Sales of ₹ 2376.37 Cr. and up 28.26 from last year same quarter Sales of ₹ 1898.97 Cr. Company has reported net profit after tax of ₹ 19.31 Cr. in latest quarter. The company’s top management includes Mr.Amar Nath, Mr.Biswajit Roy, Mr.P Chandrasekaran, Mr.P K Sharma, Mr.Sunjay Sudhir, Mr.Utpal Bora, Mrs.R S Borah. Company has N C Baneijee & Co as its auditors. As on 31-03-2017, the company has a total of 801,514,607 shares outstanding.