Buy Oil India Ltd; Target Rs. 110 & Emami Ltd; Target Rs. 245

Buy Oil India Ltd; Target Rs. 110 & Emami Ltd; Target Rs. 245

Oil India Ltd (OILI):

Oil India Ltd (OILI) has officially announced a consolidated sales of Rs. 2,607.38 Cr for the quarter ended on 31-03-2020, which is -11.38%, down from its previous quarter sales of Rs. 2,957.19 Cr and -15.82%, down from its previous year’s same quarter sales of Rs. 3,097.26 Cr. The firm has also announced its net profit after tax of Rs. 1,122.20 Cr in the most recent quarter.

Outlook:

Oil India Ltd (OILI) is a buy call with a target of Rs. 110.

Emami Ltd (EMAM):

Emami Ltd (EMAM) has officially announced a consolidated sales of Rs. 532.68 Cr for the quarter ended on 31-03-2020, which is -34.45%, down from its previous quarter sales of Rs. 812.64 Cr and -16.72%, down from its previous year’s same quarter sales of Rs. 639.64 Cr. The firm has also announced its net profit after tax of Rs. 25.32 Cr in the most recent quarter.

Outlook:

Emami Ltd (EMAM) is a buy call with a target of Rs. 245.

Disclaimer: The perspectives and investment tips are given in this section are the expert’s own and not that of the website or its management. We encourage clients to check with certified experts before taking any position in the stocks/shares mentioned.

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