Oil & Natural Gas Corpn Ltd
ONGC

306.80

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

306.90

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

304.45

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
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Buy
Reco. Price
Rs 295.30

Last updated on 06-Dec-2016

We recommend BUY on the stock on account of stable crude oil and natural gas prices and increased production. Also reduction in under recovery sharing will increase fund for future expansion. We target stock to trade at EV/EBITDA of 5.6x in FY17E. (Target Price: Rs.335)
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50 DMA (.)
277.47
100 DMA (.)
256.74
200 DMA (.)
234.38
Weekly Range (.)
289.20
307.80
Monthly Range (.)
269.50
307.80
52 Weeks Range (.)
187.75
307.80
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