Is it a good time to invest in ONGC?
Is it a good time to invest in ONGC?
ONGC’s share price has underperformed the benchmark over the past four years due to a decline in domestic oil & gas production. Due to lower production growth on a sustainable basis, despite cheaper valuations, the brokerage does not recommend that long term investors add the stock as it is a play on commodity prices.
What is the future of ONGC stock?
As on 13th Dec 2021 ONGC Share Price closed @ 145.95 and we RECOMMEND Buy for LONG-TERM with Stoploss of 121.39 & Sell for SHORT-TERM with Stoploss of 152.17 we also expect STOCK to react on Following IMPORTANT LEVELS….ONGC Share Price.
| ONGC CURRENT MONTH FUTURE | |
|---|---|
| Close | 146.75 |
| Change In O.I | -3.42 \% |
| Lot Size | 7700 |
How good is ONGC share?
Is ONGC going to give dividend?
Board has approved interim dividend of 110\%, i.e. ₹ 5.50 on each equity share of ₹5. The total payout on this account will be ₹ 6,919 Crore. The Record date for distribution of dividend has been fixed for 23rd November, 2021 which has been intimated to the stock exchanges.
Is ONGC stock a buy at Rs 105?
Motilal Oswal Financial Services and Edelweiss Securities maintained ‘Buy’ call on ONGC with a target price of Rs 105 and Rs 100 (Rs 103 earlier), respectively. Did you Know? Stock score of Oil and Natural Gas Corporation Ltd moved up by 1 in a week on a 10-point scale.
Is ONGC stock a safe bet for long term investment?
ONGC stock is good safe bet for long term investment & can be preferred at Rs 180 on dips till 160 (if lucky) for upside target Rs 250 within the year 2018. Reasons for my optimism: 1) ONGC is in process to invest up to $10 billion (Rs 65,000 crore) in its three allotted block in the Krishna-Godavari basin.
What are the triggers for ONGC shares to increase?
ONGC shares on a back of several domestic and global factors has receded below levels of Rs. 100 and the last time it happened was in 2005. So, in due course triggers for the stock include increase in production of gas and oil as well as any hike any its price. English
Is ONGC in trouble if the rupee falls below Rs 60?
Since ONGC’s crude and natural gas sales are denominated in the US dollar, its earnings per share may come down 3\%-4\% for every one rupee gain against the US dollar. However, analysts say that things are under control now and ONGC may get into trouble only if the rupee appreciates significantly from current levels—goes below Rs 60 to a dollar.