Oil India Stock Alert: HDFC Securities Slashes Target, Yet Maintains Strong 'Buy' Rating! Discover Why

ENERGY

Overview

HDFC Securities has lowered its target price for Oil India to ₹495 from ₹509, citing delays in the Numaligarh Refinery expansion. Despite this, the brokerage maintains its 'Buy' rating, anticipating robust growth with a 9% CAGR in gas production and a 4% CAGR in oil production over FY25-27E. The new target implies a potential 16.7% upside.

HDFC Securities Maintains 'Buy' on Oil India Amidst Target Revision

HDFC Securities has adjusted its financial outlook for Oil India Limited, lowering the target price to ₹495 from an earlier ₹509. This revision comes primarily due to anticipated delays in the commissioning of the expanded capacity at the Numaligarh Refinery. Despite the reduced target, the brokerage has reaffirmed its 'Buy' recommendation for the stock.

Disclaimer:This content is for educational and informational purposes only and does not constitute investment, financial, or trading advice, nor a recommendation to buy or sell any securities. Readers should consult a SEBI-registered advisor before making investment decisions, as markets involve risk and past performance does not guarantee future results. The publisher and authors accept no liability for any losses. Some content may be AI-generated and may contain errors; accuracy and completeness are not guaranteed. Views expressed do not reflect the publication’s editorial stance.