News Oil & Gas

ONGC stocks: Buy Oil And Natural Gas Corporation, target price Rs 205: JM Financial

has buy call on with a target price of Rs 205. The current market price of Oil And Natural Gas Corporation is Rs 143.2.
., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 180212.50 Crore) operating in Gas & Petroleum sector.

Oil And Natural Gas Corporation Ltd. key Products/Revenue Segments include Oil Crude, Gas Natural, Naphtha, Ethane, Propane, C2/C3 (Ethane/Propane), Butane, Other Operating Revenue, Aviation Turbine Fuel (ATF), HSD, Superior Kerosene Oil, LSHS, Mineral Turpentine Oil (MTO), Others for the year ending 31-Mar-2022.


For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 170984.28 Crore, down -7.15 % from last quarter Total Income of Rs 184148.90 Crore and up 38.51 % from last year same quarter Total Income of Rs 123444.95 Crore. Company reported net profit after tax of Rs 7291.30 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 58.89 per cent stake in the company as of 30-Sep-2022, while FIIs owned 9.97 per cent, DIIs 18.52 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

Source link