Latest news with #OilAndNaturalGasCorporationLtd
Economic Times
18-06-2025
- Business
- Economic Times
Buy ONGC, target price Rs 290: Anand Rathi
Anand Rathi has a buy call on Oil And Natural Gas Corporation with a target price of Rs 290. The current market price of Oil And Natural Gas Corporation is Rs 252.6. Time period given by the analyst is a month when Oil And Natural Gas Corporation Ltd. price can reach defined target. ONGC, incorporated in 1993, is a Large Cap company with a market cap of Rs 322558.36 crore, operating in the Gas & Petroleum sector. ADVERTISEMENT Oil And Natural Gas Corporation Ltd. key Products/Revenue Segments include Oil Crude, Gas Natural, Naphtha, Ethane, Propane, Butane, Subsidy, Aviation Turbine Fuel (ATF), Other Operating Revenue, LSHS, Electricity, Mineral Turpentine Oil (MTO), HSD, Processing Charges, Others for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 173788.62 crore, up 3.13 % from last quarter Total Income of Rs 168507.77 crore and up 2.30 % from last year same quarter Total Income of Rs 169875.25 crore. Company has reported net profit after tax of Rs 8217.12 Crore in latest quarter. The company's top management includes Kumar Singh, Singh, Rai, Jaitly, Pareek, Mr.V Ajit Kumar Raju, Ghosh, Kumar, Rawat, Prakash Singh, Patil, Mr.V C Tongaonkar, Mal Khanooja. Company has S Bhandari & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 1,258 Crore shares outstanding. Investment Rationale ONGC recently broke out of its narrow consolidation range between 220 and 252, indicating strength. The stock is now trading above this range, supported by a base formation around the 200-day EMA high/low band, reinforcing bullish sentiment. Additionally, the daily RSI has moved above the 50 mark after a prolonged period, signaling a shift in momentum. Given these technical developments, a long position is advisable in the Rs 257-253 zone, with a target of Rs 290. A daily close below Rs 235 should be used as a stop-loss to manage risk. Promoter/FII Holdings Promoters held 58.89 per cent stake in the company as of 31-Mar-2025, while FIIs owned 7.1 per cent, DIIs 19.88 per cent. (You can now subscribe to our ETMarkets WhatsApp channel) Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of Please consult your financial adviser before taking any position in the stock/s mentioned.
Time of India
18-06-2025
- Business
- Time of India
Buy ONGC, target price Rs 290: Anand Rathi
Anand Rathi has a buy call on Oil And Natural Gas Corporation with a target price of Rs 290. The current market price of Oil And Natural Gas Corporation is Rs 252.6. Time period given by the analyst is a month when Oil And Natural Gas Corporation Ltd. price can reach defined target. ONGC , incorporated in 1993, is a Large Cap company with a market cap of Rs 322558.36 crore, operating in the Gas & Petroleum sector. Oil And Natural Gas Corporation Ltd. key Products/Revenue Segments include Oil Crude, Gas Natural, Naphtha, Ethane, Propane, Butane, Subsidy, Aviation Turbine Fuel (ATF), Other Operating Revenue, LSHS, Electricity, Mineral Turpentine Oil (MTO), HSD, Processing Charges, Others for the year ending 31-Mar-2024. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Mae Suai: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More Undo Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 173788.62 crore, up 3.13 % from last quarter Total Income of Rs 168507.77 crore and up 2.30 % from last year same quarter Total Income of Rs 169875.25 crore. Company has reported net profit after tax of Rs 8217.12 Crore in latest quarter. The company's top management includes Kumar Singh, Singh, Rai, Jaitly, Pareek, Mr.V Ajit Kumar Raju, Ghosh, Kumar, Rawat, Prakash Singh, Patil, Mr.V C Tongaonkar, Mal Khanooja. Company has S Bhandari & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 1,258 Crore shares outstanding. Live Events Investment Rationale ONGC recently broke out of its narrow consolidation range between 220 and 252, indicating strength. The stock is now trading above this range, supported by a base formation around the 200-day EMA high/low band, reinforcing bullish sentiment. Additionally, the daily RSI has moved above the 50 mark after a prolonged period, signaling a shift in momentum. Given these technical developments, a long position is advisable in the Rs 257-253 zone, with a target of Rs 290. A daily close below Rs 235 should be used as a stop-loss to manage risk. Promoter/FII Holdings Promoters held 58.89 per cent stake in the company as of 31-Mar-2025, while FIIs owned 7.1 per cent, DIIs 19.88 per cent.
