4 Best Maharatna & Navratna Status Oil Stocks To Buy, Upto 16.80% Dividend Yield: Motilal Oswal Suggests

Top brokerage firm, Motilal Oswal has given buy rating to these 4 best maharatna and navratna PSU oil and gas stocks. Nifty Oil is trading down this week, on weak global cues. Check details to invest in these stocks.

Indian Oil - stock performances

The Current Market Price (CMP) of Indian Oil (IOC) is Rs. 70. Motilal Oswal has estimated a Target Price for the stock at Rs. 100. This stock has the potential to give 43% return, in the upcoming 1 year. In the past 6 months it has fallen by 16.31%, and in last 1 year its share price has fallen by 12.53%. Its 52-week high range is Rs. 94.33, and 52-week low range is Rs. 67.50. It is a large-cap stock with a market capitalization of around Rs. 95,812 crore. Indian Oil is offering a Dividend yield of 16.80%. It is a Maharatna company.

GAIL - stock performances

The Current Market Price (CMP) of GAIL is Rs. 92. Motilal Oswal has estimated a Target Price for the stock at Rs. 119. This stock has the potential to give 30% return, in the upcoming 1 year. In the past 6 months it has fallen by 7.60%, and in last 1 year its share price has fallen by 11.55%. Its 52-week high range is Rs. 115.67, and 52-week low range is Rs. 83.47. It is a large-cap stock with a market capitalization of around Rs. 58,123 crore. GAIL is offering a Dividend yield of 3.77%. It is a Maharatna company.

ONGC - stock performances

The Current Market Price (CMP) of ONGC is Rs. 131. Motilal Oswal has estimated a Target Price for the stock at Rs. 177. This stock has the potential to give 35% return, in the upcoming 1 year. In the past 6 months it has fallen by 26.31%, and in last 1 year its share price has fallen by 3.18%. Its 52-week high range is Rs. 194.95, and 52-week low range is Rs. 119.85. It is a large-cap stock with a market capitalization of around Rs. 162,725 crore. ONGC is offering a Dividend yield of 8.11%. It is a Maharatna company.

Oil India – stock performances

The Current Market Price (CMP) of ONGC is Rs. 188. Motilal Oswal has estimated a Target Price for the stock at Rs. 228. This stock has the potential to give 21% return, in the upcoming 1 year. In the past 6 months it has fallen by 20.30%, and in last 1 year its share price has fallen by 15.67%. Its 52-week high range is Rs. 306, and 52-week low range is Rs. 169.60. It is a large-cap stock with a market capitalization of around Rs. 19,860 crore. Oil India is offering a Dividend yield of 7.78%. It is a Navratna Company, state-owned enterprise of the Government of India.

Disclaimer

The above stock was picked from the brokerage report of Motilal Oswal. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.