Current price is less than the intrinsic value

Intrinsic Value

Stock has been generating better return on equity than bank FD

ROE vs FD rates

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

Ranjit Rath, a geoscientist with impeccable experience and expertise of more than 25 years in the field of geosciences.

Ranjith Rath appointed as Chairman & MD of Oil India

India has cut windfall tax on diesel and aviation turbine fuel but raised the duty on domestically produced crude oil.

India Cuts Windfall Tax On Diesel And ATF, Raises Duty On Local Crude Oil

Last week, Lok Sabha was told there have been 674,021 cyber attacks in the country this year until June — almost 3,700 cyber attacks a day, making India the third most impacted by network attacks in the world.

Covid vaccine study to Oil India: Targets under cyber attack

Decline in crude oil production is due to lower production by ONGC and Oil India

India’s crude oil production declines in June

Export refineries are now exempt from the windfall tax, which is a big relief for Reliance; the cut clearly shows that the government is trying to ensure a minimum realisation of $75-80/bbl and should be seen as a big re-rating trigger for ONGC & Oil India, says CLSA.

Windfall tax cut makes CLSA bullish on RIL, ONGC, Oil India

Move to benefit RIL, ONGC and Oil India, say analysts

Levy on fuel exports slashed; govt exempts SEZs from windfall tax

CPCL, Oil India, ONGC, MRPL, Gail (India) and Reliance Industries were up 4 per cent to 11 per cent on the BSE in intra-day trade.

Refiners, upstream cos soar on windfall tax cut; CPCL up 11%, Oil India 8%

Foreign portfolio investors’ (FPIs) stake in National Aluminium increased from 13.30% to 16.71% between January and June, while in Hindustan Aeronautics, their stake rose from 3.15% to 5.56%. In Oil India, FPIs increase their stake from 10.11% to 12.42%. Similarly, these investors increased their st…

FPIs raise their holdings in 30 of the 50 listed PSUs

The extent of earnings impact remains to be seen

Windfall tax: ONGC and OIL India bleed

Indian markets ended with gains for third straight week with Nifty up 3% ending week above 16200. Bank Nifty surger ~5% with PSU Banks like Canara Bank, BOB gaining 10-12%. Most sectoral indices ended in the green with FMCG, Realty  Auto leading the pack. Energy and IT were a bit subdued given the volatility in crude and rupee respective.  Titan, HUL, L&T were the key gainers while ONGC, Oil India, etc ended the week in red.

#closingbell #sharemarketclosingbell #stockmarket
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Closing Bell | Markets Ends Up With Gains For Third Straight Week, Nifty Up By 3% Above 16200

Oil and Natural Gas Corporation (ONGC) won three blocks in the OALP-VII round while Oil India Ltd (OIL) won two, according to information posted by the DGH. GAIL walked away with one block in Rajasthan while Sun Petrochemicals Pvt Ltd won the remaining two blocks.

ONGC, OIL big winners of OALP-VII bid round; govt offers 10 block in OALP-VIII

Oil India Limited is engaged in oil and gas exploration and production projects both in India and abroad.

Oil India Ltd

Oil India Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Ranjith Rath appointed as Chairman & MD of Oil India

India Cuts Windfall Tax On Diesel And ATF, Raises Duty On Local Crude Oil

Covid vaccine study to Oil India: Targets under cyber attack

India’s crude oil production declines in June

Windfall tax cut makes CLSA bullish on RIL, ONGC, Oil India

Levy on fuel exports slashed; govt exempts SEZs from windfall tax

Refiners, upstream cos soar on windfall tax cut; CPCL up 11%, Oil India 8%

FPIs raise their holdings in 30 of the 50 listed PSUs

Windfall tax: ONGC and OIL India bleed

Oil India Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Ranjith Rath appointed as Chairman & MD of Oil India

India Cuts Windfall Tax On Diesel And ATF, Raises Duty On Local Crude Oil

Covid vaccine study to Oil India: Targets under cyber attack

India’s crude oil production declines in June

Windfall tax cut makes CLSA bullish on RIL, ONGC, Oil India

Levy on fuel exports slashed; govt exempts SEZs from windfall tax

Refiners, upstream cos soar on windfall tax cut; CPCL up 11%, Oil India 8%

FPIs raise their holdings in 30 of the 50 listed PSUs

Windfall tax: ONGC and OIL India bleed

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock