Buy Oil And Natural Gas Corporation, target price Rs 205: JM Financial

Buy Oil And Natural Gas Corporation, target price Rs 205: JM Financial
ETMarkets.com
Rate Story
Share
Font Size
Save
Comment
Synopsis

Oil And Natural Gas Corporation Ltd., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 180212.50 Crore) operating in Gas & Petroleum sector.

Promoters held 58.89 per cent stake in the company as of 30-Sep-2022, while FIIs owned 9.97 per cent, DIIs 18.52 per cent.
has buy call on with a target price of Rs 205. The current market price of Oil And Natural Gas Corporation is Rs 143.2.

., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 180212.50 Crore) operating in Gas & Petroleum sector.

Oil And Natural Gas Corporation Ltd. key Products/Revenue Segments include Oil Crude, Gas Natural, Naphtha, Ethane, Propane, C2/C3 (Ethane/Propane), Butane, Other Operating Revenue, Aviation Turbine Fuel (ATF), HSD, Superior Kerosene Oil, LSHS, Mineral Turpentine Oil (MTO), Others for the year ending 31-Mar-2022.


Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 170984.28 Crore, down -7.15 % from last quarter Total Income of Rs 184148.90 Crore and up 38.51 % from last year same quarter Total Income of Rs 123444.95 Crore. Company reported net profit after tax of Rs 7291.30 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 58.89 per cent stake in the company as of 30-Sep-2022, while FIIs owned 9.97 per cent, DIIs 18.52 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
Experience Your Economic Times Newspaper, The Digital Way!

Read More News on

(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

...more
Pick the best stocks for yourself
Powered by
Read before you invest. Insights on Oil And Natural Gas Corporation Ltd.. Explore Now