Oil India is a strong conviction BUY. It is a unique play to benefit from the strong multi-year uptrend in both upstream & refining. Share price has declined 22% in the last 5 weeks. Valuations are inexpensive. Dividend yield is 2.9%/3.2%. TP ₹720 (+25%)
Oil India is a strong conviction BUY. Target price is ₹720 (25% upside)
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