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ONGC’s share price has underperformed the benchmark over the past four years due to a decline in domestic oil & gas production. Due to lower production growth on a sustainable basis, despite cheaper valuations, the brokerage does not recommend that long term investors add the stock as it is a play on commodity prices.
As on 17th Dec 2021 ONGC Share Price closed @ 139.40 and we RECOMMEND Buy for LONG-TERM with Stoploss of 122.20 & Strong Sell for SHORT-TERM with Stoploss of 152.52 we also expect STOCK to react on Following IMPORTANT LEVELS….ONGC Share Price.
| IDEA | 14.05 | -4.42\% |
|---|---|---|
| SUZLON | 6.80 | -3.55\% |
Is ONGC a good company?
A huge organisation for india’s energy needs and for its mission to achieve self sufficiency. Ongc is indias foremost exploration and production company. Overall it is a good organisation which offers a variety of experiences and a nice learning curve for ones career growth.
Is ONGC same as Gail?
PwC India is advising GAIL, India’s largest state-owned natural gas processing and distribution company, on the deal to acquire the stake in the gas-based power plant. If successful, the deal will give GAIL rights equal to Oil and Natural Gas Corporation (ONGC), which is the 50\% owner.
What is ONGC and GAIL?
Committed to energy security of developing India, ONGC signed a new Gas Sale and Transportation Agreement (GSTA) with GAIL on 2 July 2021. The new GSTA came into effect from 7 July 2021 for a period of five years. …
Is ONGC stock a buy at Rs 105?
Motilal Oswal Financial Services and Edelweiss Securities maintained ‘Buy’ call on ONGC with a target price of Rs 105 and Rs 100 (Rs 103 earlier), respectively. Did you Know? Stock score of Oil and Natural Gas Corporation Ltd moved up by 1 in a week on a 10-point scale.
Is it better to invest in ONGC shares?
Definitely it is better to invest in ONGC stocks. The present slide is mainly due to the ongoing war between two countries which are major oil producing countries. Such wars can not go on for a long time. It will come to an end shortly and the price of oil producing companies shall go up.
Is ONGC stock overvalued or undervalued?
If we equate ONGC with these companies, the shares should trade at least twice the current valuations. In terms of price to book value too, these stocks are highly undervalued at around 0.50 to 0.60 times. Oil India too is trading at a p/e of jus
Can I Sell ONGC on Forum?
Kindly follow our Code of Conduct and refrain from posting any abusive, promotional or gibberish content on forum. Sell ONGC with target of 110.5 and Stop Loss of 114.7.
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