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Oil India Sees EPS Estimate Cut By HDFC Securities Even As 'Buy' Rating Retained — Check Target Price, Upside
Considering the delayed commencement of NRL’s expanded refinery capacity and rupee depreciation against USD, HDFC Securities tweaks its FY26/27E EPS estimate.
01 Jan 2026, 11:05 AM IST 
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The brokerage sees Oil India as a compelling play on upstream energy with strategic downstream integration through NRL. (photo source: Oil India website)
HDFC Securities highlights that while near-term earnings face headwinds from refinery delays and softer crude prices, strong capital structure and steady production growth underpin Oil India's long-term prospects.
