Stock Forecast – OIL

Stock Forecast 18.07.2019

Company Name     :         OIL INDIA

Sector                       :        OIL DRILLING AND EXPLORATION

Positives Views

  1. Company emerged as the biggest winner of oil & gas blocks under Open Acreage Licensing Policy (OALP) rounds II & III by winning 12 blocks out

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    of 32 blocks for which bids were submitted by leading Operators.

 

  1. Oil India has ventured out of its core areas of Assam and Rajasthan. The company has picked up blocks in the onshore Mahanadi and offshore Andaman basins.

 

Negative Views

 

Current fluctuation

 

Current Rate:   169.50, Target:  220, Duration: 6 MONTHS