Oil & Natural Gas Corpn Ltd
ONGC

188.90

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

189.20

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

189.55

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
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Buy
Reco. Price
Rs 189.00
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 believe that the net realizations will rise in FY18 leading decent outperformance going forward. We target stock to trade at EV/EBITDA of 5x in FY18E.(Target Price: Rs. 225)
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50 DMA (.)
195.85
100 DMA (.)
193.99
200 DMA (.)
176.96
Weekly Range (.)
189.70
194.50
Monthly Range (.)
188.30
198.00
52 Weeks Range (.)
133.33
211.80
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