Markets

Oil India shares rise on strong Q3 results

Published Updated

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 rupee.

Copyright Reuters, 2018