{"id":58822,"date":"2022-08-15T13:30:00","date_gmt":"2022-08-15T08:00:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=58822"},"modified":"2022-08-15T13:14:45","modified_gmt":"2022-08-15T07:44:45","slug":"stock-to-buy-this-oil-stock-can-deliver-upto-72-upside-says-icici-securities","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-to-buy-this-oil-stock-can-deliver-upto-72-upside-says-icici-securities\/","title":{"rendered":"Stock to Buy: This Oil Stock can deliver upto 72% upside says ICICI Securities"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2976159374\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The nation&#8217;s second-largest state explorer, Oil India Limited\u2019s shares gained almost 4% during the day and quoted 1.17% higher at \u20b9190.15 on Friday\u2019s closing bell. This happened after the company reported robust earnings for Q1FY23.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1375260508\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The company\u2019s net profit tripled to \u20b9 1555.46 crores in the April to June quarter of 2022 from \u20b9 507.94 crores during the same quarter last year. The company\u2019s earnings rose as it got $112.72 per barrel for crude oil it sold in the quarter as opposed to the $ 67.15 a barrel rate realised in the same period last year.\u00a0<\/p><p>The shares of oil companies started trading higher this year after Russia\u2019s Invasion of Ukraine, however, the Government imposed windfall tax rates on oil being exported to other countries in order to prioritize domestic demand, after which, Oil India Limited\u2019s share price witnessed a downfall.&nbsp;<\/p><p><strong>Brokerage firm ICICI Securities has maintained a buy rating on the shares of Oil India Limited with a target of \u20b9 328.00 apiece, which translates to an upside of 72.49%.\u00a0<\/strong><\/p><div class=\"trade-content_5\" id=\"trade-2598956736\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>\u201cWe do factor in moderation in earnings from the record highs seen in FY22 with a sharply lower EPS estimate for FY24E vs FY22 (FY23E\/FY24E EPS cut by 15%). However, we note this is still a robust 23% higher than the FY21 EPS and, even on these earnings, valuations of just 5.9x FY24E EPS and 4.6x EV\/EBITDA are extremely attractive,\u201d the brokerage said in its research report dated August 12, 2022.\u00a0<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1097622676\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The nation&#8217;s second-largest state explorer, Oil India Limited\u2019s shares gained almost 4% during the day and quoted 1.17% higher at \u20b9190.15 on Friday\u2019s closing bell. This happened after the company reported robust earnings for Q1FY23.&nbsp; The company\u2019s net profit tripled to \u20b9 1555.46 crores in the April to June quarter of 2022 from \u20b9 507.94 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13572,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[2954,4669,3913,3912,4668,4202,3040,3153,4178,4183,3157,3158,2597],"class_list":["post-58822","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-icici-securities","tag-icici-securities-recommendations","tag-multibagger-stock-to-buy","tag-multibagger-stock-to-watch","tag-oil-stock","tag-stock-recommendation","tag-stock-recommendations","tag-stock-to-buy","tag-stock-to-buy-in-2022","tag-stock-to-trade","tag-stock-to-watch","tag-stock-to-watch-in-2022","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock to Buy: This Oil Stock can deliver upto 72% upside says ICICI Securities - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/stock-to-buy-this-oil-stock-can-deliver-upto-72-upside-says-icici-securities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stock to Buy: This Oil Stock can deliver upto 72% upside says ICICI Securities\" \/>\n<meta property=\"og:description\" content=\"The nation&#8217;s second-largest state explorer, Oil India Limited\u2019s shares gained almost 4% during the day and quoted 1.17% higher at \u20b9190.15 on Friday\u2019s closing bell. 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