Oil India shares fall after earnings miss estimates

Shares in state-run Oil India Ltd fall after the company reported a 26 percent fall in its Jan-March net profit. Oil India stock was down 2.5 percent as of 10:57 a.m.

Domestic brokerage Motilal Oswal Securities said Oil India's profit was significantly below estimates on lower oil and gas production and higher-than-expected subsidy.

Oil India shares had surged 21.3 percent this month until Tuesday along with other state-run companies on hopes of an economic revival and cheap valuations compared to private sector rivals.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Sex education in schools can help bring do​wn juvenile crime

    Whatever the health minister’s views on banning “vulgar” sex education in schools, given the backdrop of the Bangalore child rape, and the count

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schöttli

Why cleanliness is a vital human right

I have spent the past few months in India witnessing ...

Parvez Imam

Tourism agenda with a colonial undertone

Tourism is supposed to bring in foreign exchange and provide ...

Dharmendra Khandal

Let the tiger breathe in its natural home

The world has been observing July 29 as International Tiger ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture