ongc

ONGC share price: 2 key reasons why Jefferies expects more than 40% upside for the stock

ONGC share price: 2 key reasons why Jefferies expects more than 40% upside for the stock

Stock Market Today- Oil and Natural Gas Corporation (ONGC) share price has rebounded more than 10% since its June lows. The gains in ONGC share price is despite softness in crude prices..  The government recently had also reduced windfall tax on domestically-produced crude oil to ₹3,250 per tonne from ₹5,200, with effect from Saturday. The Brent prices that had passed $90 a barrel levels in April however are close to $80 levels now. However with the adjustment of wind fall tax by the government in line with the movement in crude prices, the impact on net realizations of upstream oil…
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ONGC shines in upstream pack: FY25 capex plan worth ₹35,000 crore triggers bullish upgrade; 19% return eyed over TP

ONGC shines in upstream pack: FY25 capex plan worth ₹35,000 crore triggers bullish upgrade; 19% return eyed over TP

ONGC shares have picked up a bullish momentum ever since the state-owned upstream oil explorer registered a surge of 78 per cent in net profit during the January-March quarter of fiscal 2023-24 (FY24). Milestone Alert! Livemint tops charts as the fastest growing news website in the world 🌏 Click here to know more. 3.6 Crore Indians visited in a single day choosing us as India's undisputed platform for General Election Results. Explore the latest updates here! Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get…
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