Graphite India with a target price of Rs 520. The current market price of Graphite India Ltd. is Rs 455.
Graphite India Ltd., incorporated in the year 1974, is a Mid Cap company (having a market cap of Rs 8920.85 Crore) operating in Industrial Consumables sector.
Financials For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 641.00 Crore, up 19.81 % from last quarter Total Income of Rs 535.00 Crore and down 6.56 % from last year same quarter Total Income of Rs 686 Crore. Company reported net profit after tax of Rs 26.00 Crore in latest quarter.
The stock has witnessed buying demand in the vicinity of 10 weeks EMA, which has been held on multiple occasions since April 2020. The brokerage believe the strong support is currently at Rs 385 as it is 50% retracement of past two weeks up move (Rs 308-449), at Rs 378.
Motilal Oswal has buy call on
Oil India with a target price of Rs 140. The current market price of Oil India Ltd. is Rs 116.45.
Oil India Ltd., incorporated in the year 1959, is a Mid Cap company (having a market cap of Rs 12633.32 Crore) operating in Gas & Petroleum sector.
Financials For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 2246.20 Crore, down -1.78 % from last quarter Total Income of Rs 2286.82 Crore and down 27.39 % from last year same quarter Total Income of Rs 3093.72 Crore. Company reported net profit after tax of Rs 696.01 Crore in latest quarter.
The stock trades at 5.6x FY23E EPS of INR20.5. The brokerage uses an SOTP-based fair value of 8x FY23E adj. EPS of INR16.4 and add investments to arrive at Target Price of INR140.