{"id":369710,"date":"2020-08-25T10:30:19","date_gmt":"2020-08-25T05:00:19","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=369710"},"modified":"2020-08-25T10:30:19","modified_gmt":"2020-08-25T05:00:19","slug":"oil-indias-valuations-have-appeal-but-outlook-is-slippery-after-a-dull-q1fy21","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-indias-valuations-have-appeal-but-outlook-is-slippery-after-a-dull-q1fy21\/","title":{"rendered":"Oil India\u2019s valuations have appeal, but outlook is slippery after a dull Q1FY21"},"content":{"rendered":"<p>Shares of Oil India Ltd are about 39% lower from their pre-covid highs of January on the NSE. True, valuations are attractive. Although from a near-to-medium term perspective, muted Q1 results, weak oil price outlook and subdued production expectations are likely to keep meaningful upsides in the share price at bay.<\/p>\n<p>\u201cOur reverse valuation exercise suggests that the stock is already discounting dated Brent crude price recovering to about $50 per barrel, providing limited leverage to any improvement from current levels,&#8221; wrote analysts from Kotak Institutional Equities in a report on 23 August. This is based on Oil India\u2019s closing price on Friday before it announced its Q1 results.<\/p>\n<p>On Monday, the stock declined by 2.5% when the Nifty 50 index was up 0.83%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Oil India Ltd are about 39% lower from their pre-covid highs of January on the NSE. True, valuations are attractive. Although from a near-to-medium term perspective, muted Q1 results, weak oil price outlook and subdued production expectations are likely to keep meaningful upsides in the share price at bay. \u201cOur reverse valuation exercise suggests that the stock is already discounting dated Brent crude price recovering to about $50 per barrel, providing limited leverage to any improvement from current levels,&#8221; wrote analysts from Kotak Institutional Equities in a report on 23 August. This is based on Oil India\u2019s closing [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-369710","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/369710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=369710"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/369710\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=369710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=369710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=369710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}