February 12, 2018 / 5:19 AM / 2 months ago

BUZZ-Oil India shares rise on strong Q3 results

** Shares of Oil India rise as much as 2.9 pct to 365.5 rupees

** Q3 profit jumped 55 pct to 7.05 bln rupees ($109.70 mln), beating analysts’ average estimate of 6.88 bln rupees

** Deutsche Bank analysts reiterate ‘buy’ rating on expectations of higher oil net realization driven by rise in global oil prices; PT of 455 rupees

** Analysts at Jefferies maintain ‘buy’ rating with PT of 465 rupees, on account of Oil India’s good qtr, with EBITDA up 27 pct q-o-q

** 13 of 26 brokerages rate the stock “buy” or higher, eight “hold” and five “sell” or lower; their median PT is 384.50 rupees

$1 = 64.2675 Indian rupees

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below