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Oil India — PL Capital's Top Pick To 'Buy' In Oil And Gas Space; Q1 Results Preview

Based on firm oil prices and consistent volume growth, PL Capital reiterates Oil India as our top pick with target price of Rs 566

<div class="paragraphs"><p>An oil refinery [Image: PilMo Kang/Unsplash]</p></div>
An oil refinery [Image: PilMo Kang/Unsplash]
Upstream companies ONGC and Oil India are expected to report 8% YoY decline in combined sales, with flat Ebitda. Decline in YoY sales of RIL is arrested due to better contribution from non-oil segments.
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