Investment Ideas CMP INR210 Target INR325 3 MOSL expects under-recovery in O&G to drop sharply and improve financials (especially cashflows) of Indian Oil PSUs 3 Oil PSUs are large clients for EIL and improvement in cashflows should allow for larger reinvestment and hence orders for EIL 3 EIL, also, stands to gain from consultancy orders on any water related projects that may come under the River Interlinking Project