Oil India valuations suggest investors are pricing in worries by the barrel1 min read 12 Mar 2019, 04:52 AM IST
The Oil India stock has underperformed the Nifty 500 index so far in 2019, declining by 18%
Oil India investors will do well to keep a close eye on the crude oil production trajectory
State-run oil producer Oil India Ltd announced last week that it won two blocks in discovered small field (DSF) round-II bidding. Any excitement about this development is premature at this point. That’s because it will be a good 4-5 years for monetization to reflect in the numbers, said analysts, adding that the exact potential of volumes is not yet known.
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