Oil India: Attractive valuations; prefer OIL over ONGC
` Favor OIL over ONGC given better risk-reward balance
` Stock discounting a fairly bleak scenario for net crude price realization
` Reiterate BUY with a target price of Rs590
` Fine-tune earnings for FY2013-15E
PDF link
http://www.kotaksecurities.com/pdf/indiadaily/indiadaily23082012pp.pdf
No comments:
Post a Comment