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    ONGC   INE213A01029

OIL AND NATURAL GAS CORPORATION LIMITED

(ONGC)
  Report
Delayed NSE India Stock Exchange  -  06:25 2022-12-05 am EST
143.75 INR   +2.02%
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Indian shares rise on tech, metals boost; inflation data eyed

09/12/2022 | 06:49am EST

BENGALURU, Sept 12 (Reuters) - Indian shares rose for the third straight session on Monday, lifted by gains in technology and metal stocks, while investors awaited domestic inflation data for cues on the pace of the central bank's rate hikes.

The NSE Nifty 50 index, with most of its major sub-indexes in the positive territory, closed 0.58% higher at 17,936.35, and the S&P BSE Sensex rose 0.54% to 60,115.13 -- their highest level since Aug. 18.

India's retail inflation data, due later in the day after market close, is expected to snap a three-month downward trend in August as food prices surged, a Reuters poll of economists showed, likely raising the possibility of an aggressive rate hike by the Reserve Bank of India.

"Investors are going to closely watch domestic and U.S. inflation data this week for any signs if they have moderated or peaked," said Neeraj Dewan, director at Quantum Securities.

Markets are pricing in a straight 75 basis-point rate hike by the U.S. Federal Reserve, not back-to-back increases and that indication will be provided by the inflation data, Dewan added.

The Nifty's IT index closed 1.42% higher, its fourth consecutive session of gain, while the Metal index advanced 0.92%. Infosys Ltd and Tata Steel were among the top performers on the benchmark Nifty 50, climbing 1.6% and 1.9%, respectively.

Heavyweight Reliance Industries also provided a boost with a 1.1% rise at close, after hitting a near two-week high in the session. The conglomerate late on Friday said its unit would buy polyester business of Shubhalakshmi Polyesters and Shubhlaxmi Polytex for 15.92 billion rupees ($200.20 million). (https://bit.ly/3qxSAqk)

Among other individual stock moves, construction firm Engineers India closed 2.1% higher, after it won an order worth 2.49 billion rupees from top oil explorer Oil and Natural Gas Corp. (https://bit.ly/3d8hmug) ($1 = 79.5200 Indian rupees) (Reporting by Rama Venkat in Bengaluru; Editing by Dhanya Ann Thoppil and Neha Arora)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BANK OF INDIA LIMITED 2.07% 86.25 End-of-day quote.67.96%
BRENT OIL -4.50% 82.96 Delayed Quote.10.28%
ENGINEERS INDIA LIMITED -2.12% 80.65 Delayed Quote.17.71%
INFOSYS LIMITED 0.11% 1639.75 Delayed Quote.-13.24%
NIFTY 50 0.03% 18701.05 Delayed Quote.7.73%
OIL AND NATURAL GAS CORPORATION LIMITED 2.02% 143.75 Delayed Quote.-1.05%
RELIANCE INDUSTRIES LTD -1.46% 2682.45 Delayed Quote.14.95%
SENSEX BSE30 -0.05% 62834.6 Real-time Quote.7.92%
TATA STEEL LIMITED 3.35% 115.8 End-of-day quote.4.18%
WTI -4.72% 77.312 Delayed Quote.6.45%
All news about OIL AND NATURAL GAS CORPORATION LIMITED
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Analyst Recommendations on OIL AND NATURAL GAS CORPORATION LIMITED
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Financials
Sales 2023 6 656 B 81 368 M 81 368 M
Net income 2023 470 B 5 751 M 5 751 M
Net Debt 2023 865 B 10 576 M 10 576 M
P/E ratio 2023 3,83x
Yield 2023 10,7%
Capitalization 1 808 B 22 109 M 22 109 M
EV / Sales 2023 0,40x
EV / Sales 2024 0,42x
Nbr of Employees 27 165
Free-Float 30,8%
Chart OIL AND NATURAL GAS CORPORATION LIMITED
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Oil and Natural Gas Corporation Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends OIL AND NATURAL GAS CORPORATION LIMITED
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TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 143,75 INR
Average target price 174,28 INR
Spread / Average Target 21,2%
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