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. 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.Advertisement 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. 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. 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. 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.