The company informed that Arun Kumar Singh has been designated as chairman & CEO of ONGC.
Order inflows remain healthy
The company will allot shares on February 3, 2023 and its fresh shares will be listed on BSE and NSE on February 8, 2023.
Recommendation: Reduce; Target Price: Rs 2250
Selling by foreign investors may continue to put downward pressure on Indian equity markets.
Muted quarter despite positive impact from seasonality
Strong refining offset by weak marketing division
Investors with high risk appetite and want to invest for 5 to 7 years in a mutual fund should invest in ITI Flexi Cap Fund.
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