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Nomura downgrades ONGC to 'Reduce', sees 23% downside for stock

ONCG’s FY23 consolidated EPS estimate has been cut to Rs 29.70, as higher oil realisations of $83 per barrel and higher volumes across oil and gas are offset by lower profitability for OVL, Nomura said ....

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ONGC is rallying like it's 2013 as surging oil prices boost outlook


ONGC is rallying like it’s 2013 as surging oil prices boost outlook
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Investor behaviour on the ONGC counter so far in February showed they expect the gains to sustain in the near term.
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Analysts at Goldman Sachs and Morgan Stanley are projecting Brent crude price to hit as high $75 a barrel by the end of the September quarter
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MUMBAI: The Oil & Natural Gas Corp stock is on course to register its best monthly performance since the January of 2013, and if global oil prices are any indication, it may just have taken off ....

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