Oil India Ltd., incorporated in the year 1959, is a Mid Cap company (having a market cap of Rs 12085.70 Crore) operating in Gas & Petroleum sector.
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 2175.87 Crore, up 24.36 % from last quarter Sales of Rs 1749.71 Crore and down -32.45 % from last year same quarter Sales of Rs 3221.20 Crore. Company reported net profit after tax of Rs 116.85 Crore in latest quarter.
Investment Rationale
The stock is bounding off its immediate support. Gradually it could surpass levels of Rs 120.
Promoter/FII Holdings
Promoters held 56.7 per cent stake in the company as of Sept 30, 2020, while FIIs held 7.1 per cent, DIIs 6.2 per cent and public and others 30.1 per cent.
