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    ONGC   INE213A01029

OIL AND NATURAL GAS CORPORATION LIMITED

(ONGC)
  Report
Delayed NSE India Stock Exchange  -  07:25 2022-10-03 am EDT
132.40 INR   +4.42%
06:51aINDIA STOCKS-Indian shares fall as inflation fears add to global growth woes
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India shares post fourth straight weekly gain ahead of inflation data

08/12/2022 | 06:51am EDT

BENGALURU, Aug 12 (Reuters) - Indian shares extended gains from previous trading sessions on Friday to post their fourth weekly addition, fuelled by metal and energy stocks, while investors awaited domestic inflation data for July.

The Consumer Price Index (CPI) data is scheduled to be released after market close. A Reuters poll showed India's retail inflation likely eased in July due to a fall in food and fuel prices but stayed well above the Reserve Bank of India's upper tolerance limit of 6% for a seventh consecutive month.

The NSE Nifty 50 index climbed 0.22% to 17,698.15, at close, and the S&P BSE Sensex rose 0.22% to 59,462.78.

With a gain of over 1.7% each for the truncated week due to a market holiday on Tuesday, the benchmark indexes still logged their fourth straight weekly gain - the longest winning streak since January. Both the indexes climbed 6% in the past four weeks, having risen 1.8% year-to-date, Refinitiv data showed.

Indian equities market will be closed on Monday for a holiday.

In Mumbai trading on Friday, Nifty's metal index and energy index were the best performers among other sub-indexes, climbing 1.64% and 1.88%, respectively.

Among top-performers on the Nifty 50, state-owned oil producer Oil and Natural Gas Corp rose 4.8% ahead of its quarterly earnings, while Tata Steel advanced 3.3%.

SoftBank Group-backed digital payments firm Paytm closed 5% lower after local proxy advisory firm Institutional Investor Advisory Services said it opposed the reappointment of Vijay Shekhar Sharma as chief executive officer.

The Indian rupee ended lower on Friday to post a weekly loss, as a likely one-time dollar outflow dragged the currency as against stronger Asian peers that gained from softening U.S. inflation data.

Globally, equities headed for a fourth straight week of gains as investors tempered views on how far U.S. interest rates and inflation can climb. (Reporting by Rama Venkat in Bengaluru; Editing by Dhanya Ann Thoppil and Neha Arora)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / INDIAN RUPEE (AUD/INR) 0.89% 52.757901 Delayed Quote.-3.48%
CANADIAN DOLLAR / INDIAN RUPEE (CAD/INR) 0.87% 59.446 Delayed Quote.0.04%
EURO (B) VS INDIAN RUPEE SPOT (EUR/INR) 0.01% 79.8863 Delayed Quote.-5.80%
LONDON BRENT OIL 0.77% 88.58 Delayed Quote.13.53%
NIFTY 50 -1.21% 16887.35 Delayed Quote.-1.50%
OIL AND NATURAL GAS CORPORATION LIMITED 4.42% 132.4 Delayed Quote.-10.96%
ONE7 COMM 3.46% 660 Delayed Quote.-52.20%
S&P GSCI NATURAL GAS INDEX -3.28% 306.5362 Real-time Quote.81.39%
SENSEX BSE30 -1.11% 56788.81 Real-time Quote.-1.42%
SOFTBANK GROUP CORP. 1.65% 4981 Delayed Quote.-9.83%
TATA STEEL LIMITED 2.53% 99.3 End-of-day quote.-10.66%
US DOLLAR / INDIAN RUPEE (USD/INR) 0.34% 81.778 Delayed Quote.9.45%
WTI 1.17% 82.994 Delayed Quote.5.74%
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Analyst Recommendations on OIL AND NATURAL GAS CORPORATION LIMITED
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Financials
Sales 2023 6 250 B 76 802 M 76 802 M
Net income 2023 492 B 6 052 M 6 052 M
Net Debt 2023 770 B 9 459 M 9 459 M
P/E ratio 2023 3,21x
Yield 2023 10,8%
Capitalization 1 595 B 19 603 M 19 603 M
EV / Sales 2023 0,38x
EV / Sales 2024 0,39x
Nbr of Employees 27 165
Free-Float 29,6%
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 126,80 INR
Average target price 171,32 INR
Spread / Average Target 35,1%
EPS Revisions
Managers and Directors
Rajesh Kumar Srivastava Chairman & Managing Director
Pomila Jaspal Chief Financial Officer & Finance Director
Om Prakash Singh Director, Director-Technical & Field Services
Rajni Kant Secretary & Compliance Officer
V. Ajit Kumar Raju Independent Director
Sector and Competitors
1st jan.Capi. (M$)
OIL AND NATURAL GAS CORPORATION LIMITED-10.96%19 603
CONOCOPHILLIPS41.78%130 282
EOG RESOURCES, INC.25.78%65 479
OCCIDENTAL PETROLEUM CORPORATION111.97%57 085
CNOOC LIMITED17.19%57 051
CANADIAN NATURAL RESOURCES LIMITED20.30%52 520