ICICI Securities is bullish on Oil and Natural Gas Corporation recommended buy rating on the stock with a target price of Rs 124 in its research report dated October 08, 2020.
Prabhudas Lilladher is bullish on Oil and Natural Gas Corporation has recommended buy rating on the stock with a target price of Rs 96 in its research report dated September 02, 2020.
ICICI Securities is bullish on Oil and Natural Gas Corporation recommended buy rating on the stock with a target price of Rs 124 in its research report dated September 02, 2020.
Results are impacted by very low realised crude oil due to the COVID-19 pandemic and the volatile global oil market.
The board will also consider and approve the company's financial results for the June quarter on the said date, ONGC said in a BSE filing.
The firm's cash and cash equivalent including other bank balances rose to Rs 968 crore as on March 31, 2020, up from a record low of Rs 504 crore a year back.
ICICI Direct recommended hold rating on Oil and Natural Gas Corporation with a target price of Rs 80 in its research report dated July 02, 2020.
Revenue from operations during the quarter declined 19.8 percent year-on-year to Rs 21,456.2 crore, while the quarter-on-quarter fall was 9.5 percent.
ICICI Direct recommended hold rating on Oil and Natural Gas Corporation with a target price of Rs 110 in its research report dated February 17, 2020.
ICICI Direct recommended hold rating on Oil and Natural Gas Corporation with a target price of Rs 130 in its research report dated dated November 15, 2019.
CCUS is known to be a very effective method of EOR globally and is playing an increasingly important role in achieving the mission of carbon neutrality
Net profit in January-March at Rs 4,045 crore was 31.6 per cent lower than net profit of Rs 5,915 crore in the same period of the previous fiscal year, the company said in a statement.
India produced 34.2 million tonne of crude oil in the fiscal year ended March 31, down from 35.7 million tonne in the previous year, according to data released by the Ministry of Petroleum and Natural Gas here.
ONGC won back five out of the 23 discovered oil and gas fields that the government took away from the state-owned firm and Oil India Ltd (OIL) for auctioning in the second round of discovered small field (DSF).
ONGC's profit stood at Rs 82.63 billion ($1.16 billion) in the quarter ended December 31, compared with Rs 50.15 billion a year earlier, the oil and gas explorer said in a stock exchange filing.
According to Antique Stock Broking, the net crude realisation for ONGC in Q3FY19 is estimated at around $67-68 a barrel (versus $73-76 in Q2FY19 and around $50-61 in Q3FY18)
The Government of India held 67.48 percent shareholding in ONGC as of September 2018.
The nation's largest oil and natural gas producer is keen that its recent diversification into refining business as also petrochemicals is leveraged to full by integrating them with its core business.
The government does not want to cut excise duty and is looking at alternative means to reduce petrol and diesel prices.
"Nifty has strong support at 10,689 levels, a break out will take it to 10,630. On the upper side, the index will face a hurdle at 10,785 levels. A crossover will take it to 10,825 levels," says a report by Equity99
The petroleum ministry plans to offer 60 percent participating interest to private players in 11 oil fields operated by ONGC and 4 of Oil India.