ONGC shares: Hold Oil And Natural Gas Corporation, target price Rs 150: ICICI Direct

ICICI Direct held the call with a target price of Rs 150. The current market price of Oil And Natural Gas Corporation is Rs 136. The period given by the analyst is one year when the price of Oil And Natural Gas Corporation can achieve the set target. ., incorporated in 1993, is a large capitalization company (having a market capitalization of Rs 175,683.60 Crore) operating in the oil and gas sector.


For the quarter ended 30-06-2022, the company reported consolidated total revenue of Rs 184,148.90 Crore, up 16.07% from last quarter, total revenue of Rs 158,648.42 Crore and in up 68.48% from the same quarter last year, total revenue of Rs 109,301.82 Crore. The company reported a net profit after tax of Rs 7545.69 Crore last quarter.

Promoter/Fii Holdings
The promoters held 58.89% of the company’s capital as of June 30, 2022, while the FIIs held 9.97% and the DIIs 17.82%.

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