Oil India Dividend: PSU likely to declare dividend soon - Check Share Price Target

Oil India Dividend 2024, Oil India Share Price Target 2024: State-owned Oil India has announced that its board of directors will soon meet to consider and declare a second interim dividend for the current financial year 2023–24. The meeting is scheduled for March 8. 

"Oil India has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 08/03/2024, inter alia, to consider and approve the Second Interim Dividend for Financial Year 2023-24, if any. The above is for your information & records please," the company said in a filing.

Oil India Dividend History

Earlier, the Maharatna company had announced an interim dividend of Rs 3.50. Here's the Dividend History of Indian Oil

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Oil India Share Price

The shares of Oil India Ltd. surged around 2.4 per cent on Wednesday to hit the day's high of Rs 647.40. The counter opened at Rs 634.75, a rise of 0.49 per cent against the previous close of Rs 631.65.

The shares of Oil India, with a market cap of Rs 757 crore, have a 52-week high of Rs 647.40 and a 52-week low of Rs 240.65.

Oil India Share Price Target 2024

Brokerage firm JM Financial has maintained a 'Buy' rating. The brokerage firm has given the target price of Rs 500, which is a discount of Rs 20 per cent from the price of Rs 625.