Elara Capital recommends oil stock with Rs 320 target
In short
Elara Capital has recommended an oil stock and set a target price of ₹320 per share. The brokerage says that could mean as much as 38% upside, and the call comes during volatility in crude oil prices.
This matters to investors watching oil stocks because it could affect trading interest in the share. The market backdrop is unstable crude prices.
What the reporting says
The recommendation comes amid volatility in crude oil prices.
Why it matters
Elara Capital has recommended an oil stock with a target price of ₹320 per share and upside of up to 38%. The call is set against volatile crude oil prices, which may influence investor interest in the sector.