Stocks which are reasonably valued

Stock: Oil India
Analyst recommendation: Buy (20), Sell (7), Hold (7)
Stock Price (as of January 2, 2025): Rs 464
One-Year Target Price: Rs 600
Upside Potential: 41%
Comments: A recent report from JM Financial expresses optimism about the company, citing several key factors. These include the support of OPEC+ for crude prices at nearly $75 per barrel (net realisation), strong production growth outlook over the next 1–3 years, and management’s guidance on the continued excise duty benefits for its expanded capacity.

(Text : ET Wealth)