Time period given by analyst is one year when Oil And Natural Gas Corporation Ltd. price can reach defined target.
Oil And Natural Gas Corporation Ltd., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 208706.83 Crore) operating in Gas & Petroleum sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 109301.82 Crore, down -7.53 % from last quarter Total Income of Rs 118206.16 Crore and up 71.92 % from last year same quarter Total Income of Rs 63575.47 Crore. Company reported net profit after tax of Rs 6242.23 Crore in latest quarter.
Investment Rationale
ONGC’s share price has underperformed the benchmark over the past four years due to a decline in domestic oil & gas production. Due to lower production growth on a sustainable basis, despite cheaper valuations, the brokerage does not recommend that long term investors add the stock as it is a play on commodity prices.
Promoter/FII Holdings
Promoters held 60.4 per cent stake in the company as of June 30, 2021, while FIIs held 8.1 per cent, DIIs 17.6 per cent and public and others 13.9 per cent.
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