Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessStocksHold Oil and Natural Gas Corporation; target of Rs 185: ICICI Direct

    Hold Oil and Natural Gas Corporation; target of Rs 185: ICICI Direct

    ICICI Direct recommended hold rating on Oil and Natural Gas Corporation with a target price of Rs 185 in its research report dated October 06, 2021.

    Broker Research
    October 08, 2021 / 22:25 IST
       
       
      26 Aug, 2025 12:21
      Volume
      Todays L/H
      More
      ICICI Direct's research report on Oil and Natural Gas Corporation

      Oil & Natural Gas Corporation (ONGC) is primarily engaged in exploration, development and production of crude oil and natural gas. ONGC’s crude oil production has been in the range of 54-63% of total domestic oil production in FY11-21 • ONGC is also a play on the refining sector via its subsidiaries.

      Outlook

      We value ONGC at Rs 185 i.e. Rs 161 for core oil & gas business and Rs 24 for subsidiaries and other investments.

      For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

      Read More Read More

      Broker Research
      first published: Oct 8, 2021 10:25 pm

      Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

      Subscribe to Tech Newsletters

      • On Saturdays

        Find the best of Al News in one place, specially curated for you every weekend.

      • Daily-Weekdays

        Stay on top of the latest tech trends and biggest startup news.

      Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347