Buy Oil And Natural Gas Corporation, target price Rs 235: Motilal Oswal
Oil And Natural Gas Corporation with a target price of Rs 235. The current market price of Oil And Natural Gas Corporation Ltd.
is Rs 202.75.
Oil And Natural Gas Corporation Ltd., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 250976.57 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 30-09-2023, the company reported a Consolidated Total Income of Rs 149388.45 Crore, down -10.21 % from last quarter Total Income of Rs 166367.12 Crore and down -12.63 % from last year same quarter Total Income of Rs 170984.28 Crore.
Company reported net profit after tax of Rs 15931.30 Crore in latest quarter.
Promoter/FII Holdings Promoters held 58.89 per cent stake in the company as of 30-Sep-2023, while FIIs owned 8.38 per cent, DIIs 19.57 per cent.
