Oil India share price target: Must-have PSU stocks for long-term gains

Despite the bullish stock market, oil company stocks appear to be under pressure. Crude oil prices in the global market have reached $82 per barrel.

The US has reimposed sanctions on Russian oil. Decisions regarding Iran after Trump's oath are also crucial. OPEC+ is also about to decide on production.

Several factors can affect oil sector stocks. Antique Broking recommends buying Oil India shares for 2 months.

Oil India shares were trading at Rs 471.20, up 1.54% as of 11 am on Thursday, January 16.

Oil India's 52-week high is Rs 768 and low is Rs 251. Meaning this stock has corrected significantly from its high.

Antique Broking has given a target price of Rs 668 for this stock, which is about 44% higher than the current price.

Antique Broking has given target prices for ONGC shares - Rs 368, BPCL shares - Rs 415, HPCL shares - Rs 569, and Indian Oil - Rs 208.

Consult your market expert before making any investment.