Most readers would already be aware that Oil India’s (NSE:OIL) stock increased significantly by 28% over the past three months. We wonder if and what role the company’s financials play in that price change as a company’s long-term fundamentals usually dictate market outcomes. In this article, we decided to focus on Oil India’s ROE. Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. Put another way, it reveals the company’s…
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