Oil India rating: Maintain 'buy' with target price of Rs 115

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Total production was at 1.40mmtoe (-6% YoY). On similar lines, oil sales declined 8% YoY to 0.73mmt and gas sales 6% YoY to 0.58bcm. Total sales were at 1.31mmtoe (-7% YoY). The stock trades at a ~30% discount to its long-term PE average, with a ...

from Google Alert - Business https://ift.tt/2Eqr2yJ
Total production was at 1.40mmtoe (-6% YoY). On similar lines, oil sales declined 8% YoY to 0.73mmt and gas sales 6% YoY to 0.58bcm. Total sales were at 1.31mmtoe (-7% YoY). The stock trades at a ~30% discount to its long-term PE average, with a ... https://ift.tt/eA8V8J

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