Buy Oil India, target price Rs 205: ICICI Securities

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Buy Oil India, target price Rs 205:  ICICI Securities


has buy call on Oil India with a target price of Rs 205. The current market price of is Rs 116.25.

Oil India Ltd., incorporated in the year 1959, is a Mid Cap company (having a market cap of Rs 12709.23 Crore) operating in Gas & Petroleum sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 2246.20 Crore, down -1.78 % from last quarter Total Income of Rs 2286.82 Crore and down -27.39 % from last year same quarter Total Income of Rs 3093.72 Crore. Company reported net profit after tax of Rs 696.01 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 56.7 per cent stake in the company as of Dec 30, 2020, while FIIs held 6.8 per cent, DIIs 19.6 per cent and public and others 17 per cent.



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