ICICI Securities maintains a Buy call on Oil India, revising the target price to Rs 530 from Rs 580 due to a weaker pricing environment and adjusted production estimates. Despite EPS revisions for FY26/27E, the brokerage anticipates a 24% upside from the current market price, driven by attractive valuations and a projected EPS CAGR of 22% between FY26-28E.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets