Oil India rises as first-quarter profit surges three-fold
10/08/2026 05:18
BUZZ-Oil India rises as first-quarter profit surges three-fold ** Shares of Oil India OILI.NS rise 2.53% to 454.20 rupees
** Stock on track to snap five sessions of losses
** State-owned firm's standalone Q1 profit, which excludes profit from its joint ventures and operations outside the country, rose more than three-fold y/y to 28.70 billion rupees ($301.37 million)
** Motilal Oswal ("neutral", TP: 441 rupees) says profit beat its estimate by 12%, helped by higher-than-expected oil realisations and strong performance at co's Numaligarh refinery
** OILI rated "buy" on average by 21 analysts, median PT at 525 rupees - LSEG compiled data
** YTD, stock up 6.98%
($1 = 95.2325 Indian rupees)
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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