NEYVELLI LIGNITE ( FUT – Rs.134.55) : The stock has closed on a strong note and should be bought once it crosses the level of Rs.137. The target of the
stock works out to Rs.145 and Rs.152. Higher target of Rs.165-168 is also possible. Stop Loss of Rs.124.95 should be kept.
HCC ( FUT – Rs.132.70) : The chart structure looks extremely attractive and should be bought once it crosses the level of Rs.133. The target of the stock
works out to Rs.141 and Rs.150. Higher target of Rs.158-160 is also possible but this might take around 15 days to reach.
Present Price – Rs.1150
Oil India Limited is the second largest national oil and gas company in India as measured by total proved plus probable oil and natural gas
reserves and production . The company is primarily engaged in the exploration, development, production and transportation of crude oil and
natural gas onshore in India. The company also process produced natural gas to extract LPG. They are present internationally through the
exploration of crude oil and natural gas in Egypt, Gabon, Iran, Libya, Nigeria, Timor Leste and Yemen. They primarily conduct activities with
respect to domestic producing blocks and exploration activities in their nomination blocks independently. They also conduct exploration activity,
both in India and overseas, through joint venture arrangements and PSCs with other oil companies.
The Company has interests in downstream activities through a 26% equity stake in NRL, a 10% equity stake in BCPL and a 23% equity stake in
DNP Limited. They also hold a 10% equity stake in a 741 kilometer pipeline construction project in Sudan that was completed in 2005. They have
the ability to provide various exploration and production-related services to the oil and gas industry, both domestically and internationally,
including pipeline construction, pipeline consultancy services, drilling and well work-over services, research and development services and
This PSU which came out with an IPO has got listed today and gave listing gains to all investors. We are of the view that FIIs would buy it in a big
way and the price expected in the next month could be around Rs.1300.
OIL DECLARES Interim DIVIDEND OF 150 %
Oil India Limited (OIL), a Premier National Oil Company, declared an interim dividend of 150% for the financial year 2008-2009. The Company had last year paid a total Dividend of 275% for the year 2007-08.UYING IS ADVISED FOR MEDIUM TERM.Joyma.Share Consultacy House.