Business & Investment

ONGC Stock Price: Hold Oil And Natural Gas Corporation, Target Price Rs 180: ICICI Direct

ICICI Direct is Oil And Natural Gas Corporation Ltd with a target price of 180 rupees. We are looking for. The current market price of OilAndNaturalGasCorporation Ltd. is 168 rupees. The period specified by the analyst is the year published by Oil And Natural Gas Corporation. Ltd. prices can reach defined targets.

Founded in 1993, Oil And Natural Gas Corporation Ltd. is a large equity company (market capitalization 206127.87 rupees) operating in the gas and oil sectors.

Oil And Natural Gas Corporation Ltd.’s main product / revenue segments include crude oil, natural gas, nafta, ethane, propane, C2 / C3 (ethane / propane), butane, HSD, subsidies, excellent kerosene, electricity and LSHS. , Other sales are included. Revenue, Aviation Turbine Fuel (ATF), Mineral Turbine Oil (MTO), Processing Fees, Other Years ending March 31, 2021.

Finance

Consolidated total revenue for the quarter ended September 30, 2021 was Rs 123444.95, with total revenue for the previous quarter up 12.94% from Rs 109301.82 and up 44.25% from Rs 85557.85 in the year-ago quarter. The company reported net income after tax of 18210.97 rupees in the last quarter.

investment The rationale
Oil and gas production is expected to decline 2.7% and 4.2% year-on-year, respectively. Oil production is expected to remain flat at QoQ and gas production is expected to increase by 1.8% at QoQ. Oil production is estimated at 5.5 MMT and gas production is projected at 5.6 MMT for the quarter. FCMs expect YoY and QoQ realizations to increase to $ 77.9 / bbl due to higher average crude oil prices. The realization of domestic gas is also expected to increase at US $ 2.9 / barrel (GCV basis) after the APM gas price revision. The company received a negative tax deduction in the second quarter of 2010 and expects PAT to increase 530% year-on-year and decrease 57% quarter-on-quarter to Rs 793.2 billion.


Promoter / FII Holdings
As of September 30, 2021, the promoter had a 60.41% stake in the company, with FII holding 8.08% and DII holding 17.89%.

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ONGC Stock Price: Hold Oil And Natural Gas Corporation, Target Price Rs 180: ICICI Direct

https://economictimes.indiatimes.com/markets/stocks/recos/hold-oil-and-natural-gas-corporation-target-price-rs-180-icici-direct/articleshow/88987113.cms ONGC Stock Price: Hold Oil And Natural Gas Corporation, Target Price Rs 180: ICICI Direct

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