ONGC shares: Buy Oil And Natural Gas Corporation, target price Rs 185: ICICI Securities
The period given by the analyst is one year when
. the price can reach the set target.
Oil And Natural Gas Corporation Ltd., incorporated in 1993, is a large capitalization company (having a market capitalization of Rs 168449.94 Crore) operating in the oil and gas sector.
The main products/revenue segments of Oil And Natural Gas Corporation Ltd. include crude oil, natural gas, naphtha, ethane, propane, C2/C3 (ethane/propane), butane, other operating revenue, aviation jet fuel (ATF), HSD , Kerosene Oil, LSHS, Mineral Turpentine Oil (MTO), Others for the year ending March 31, 2022.
For the quarter ended 30-06-2022, the company reported consolidated total revenue of Rs 184,148.90 Crore, up 16.07% from last quarter, total revenue of Rs 158,648.42 Crore and in up 68.48% from the same quarter last year, total revenue of Rs 109,301.82 Crore. The company reported a net profit after tax of Rs 7545.69 Crore last quarter.
The promoters held 58.89% of the company’s capital as of June 30, 2022, while the FIIs held 9.97% and the DIIs 17.82%.
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