OILINDIA
CLSA ON OIL INDIA : 23.06.2021
* UPGRADE BUY TARGET: 180
* CLSA upgrades Oil India to Buy as it finds co the only midcap to offer positive leverage to crude
• Pricing In $55/bbl; Only Midcap Offering Positive Leverage To Crude
* Can See 120% Rise In Formula-based Domestic Gas Price Over Next 9 Mths
* FY22-23 EPS estimates By 29-38%
CLSA ON OIL INDIA : 23.06.2021
* Upgrade to BUY, Target at Rs 180/share
• Pricing-in US$55/bbl; the only midcap offering positive leverage to crude
* 23% miss on Ebitda but higher other income drives big net profit beat
* Inline crude production but gas production disappointed in 4QFY21
