Oil and Natural Gas Corporation Limited Buy Sell Tips Report Discussion
Oil and Natural Gas Corporation Limited, popularly known as ONGC, is an Indian Public Sector petroleum company. It was founded in the year 1956 with current headquarters at Dehradun, India. As per 2008 official annual reports, the company has earned revenue amounting up to $ 24.032 billion and its net income stands at $ 4.934 billion. Presently a huge amount of employee base is being supported by the company which is a staggering figure of 34,000.
The Oil and Natural Gas Commission was formed in the year 1956. In 1959, Indian Parliament by an Act converted the commission into a statutory body. Currently the Indian Government holds 74.14% equity stake in the company. ONGC has earned the reputation of becoming the largest profit making corporation of India. It alone contributes 77% and 81% respectively to India’s crude oil and natural gas production respectively.
ONGC has earned several titles and recognitions from worldwide sources like ‘Forbes’ magazine, ‘Global Finance’ magazine etc, for its massive and continuous growth story. Moreover, Business Week, Business Baron 500, Business Today 500 and Economic Times 500 have recognized ONGC as the most valuable Indian corporate in terms of Net Profits, Net Worth and Market Capitalization.
Among the many achievements achieved by the ONGC, a noteworthy one is its self-reliance and development of core competence in exploration and production activities touching the ranks of other leaders in its niche. ONGC has touched the foreign bases with its subsidiary, ONGC Videsh Limited (OVL). Currently major investments in place are in Vietnam, Sakhalin and Sudan.
If you want to know details of the performance of its stocks or you have vital reports to discuss about the market strength of the company you can include them for peer review or expert comments. We grow together. We are eager to provide you with expert trading tips, buying and selling cues, stock-trading strategies for your both short term & long term financial planning.
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Buy ONGC because downside is very limited in this counter, says Naresh Pachisia of SKP Securities on NDTV Profit. The stock is currently trading at Rs 1095, up 0.06% on the BSE.
Buy ONGC with target of Rs 1125 and stop loss of Rs 1095, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1117.55, up 1.1% on the BSE.
Hold ONGC with short-term target of Rs 1150 and stop loss of Rs 1075, says Prasad Kushe, technical analyst, on NDTV Profit. The stock is currently trading at Rs 1096.95, down 0.4% on the BSE.
Sell ONGC March Futures at Rs 1070 and buy 1100 Call at Rs 6, says Rakesh Bansal, technical analyst, on Zee Business. Possible target for ONGC March Futures is Rs 970, he adds.
Sell ONGC with a target of Rs 990 and stop loss of Rs 1090, says Rakesh Bansal of NewAge Wealth, on NDTV Profit. The stock is currently trading at Rs 1048, down 0.62% on the BSE.
Short-term traders exit ONGC but investors may hold with long-term view, says Hemen Kapadia, technical analyst, on NDTV Profit. The stock is currently trading at Rs 1017, down 0.03% on the BSE.
Buy ONGC with target of Rs 1060 and stop loss of Rs 1035, says Nikita Surekha, technical analyst, on Zee Business. The stock is currently trading at Rs 1037.50, down 0.9% on the BSE.
Buy ONGC even at current levels with long-term view, says Rajesh Agarwal of CD Equisearch on CNBC Awaaz. The company’s fundamentals are strong, he adds. The stock is currently trading at Rs 1097.15, down 1.9% on the BSE.
Hold ONGC and exit on rally to Rs 1180, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. Buy again once it sustains above Rs 1200, he adds. The stock is currently trading at Rs 1137, up 1% on the BSE.
Buy ONGC with targets of Rs 1200 and 1235 and stop loss of Rs 1152, says Husseini Wadharia of Techno Shares on CNBC Awaaz. The stock is currently trading at Rs 1178, up 2.9% on the BSE.
Buy ONGC with target of Rs 1230-1235, says Hemant Thukral, technical analyst, on NDTV Profit. The stock is currently trading at Rs 1210.25, up 2.4% on the BSE.
Buy ONGC with target of Rs 1205 and stop loss of Rs 1150, says Rahul Mohinder, technical analyst, on CNBC TV18. The stock is currently trading at Rs 1195.10, up 2.5% on the BSE.
Buy ONGC with one-month target of Rs 1210 and stop loss of Rs 1130, says Sanjay Surekha, technical analyst, on NDTV Profit. The stock is currently trading at Rs 1155, down 0.94% on the BSE.
Buy ONGC at Rs 1250 with target of Rs 1400, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1291.90, up 0.5% on the BSE.
Buy ONGC with target of Rs 1340 and stop loss of Rs 1240, says Shardul Kulkarni of Angel Broking on NDTV Profit. The stock is currently trading at Rs 1279.05, up 0.2% on the BSE.
Buy ONGC with 3-4 day targets of Rs 1292 and 1318 and stop loss of Rs 1220, says Imtiaz Qureishi, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1281, up 1.1% on the BSE.
Buy ONGC with target of Rs 1370 and stop loss of Rs 1260, says Shrikant Chouhan of Kotak Securities on NDTV Profit. The stock is currently trading at Rs 1321.40, up 3.2% on the BSE
Buy ONGC with target of Rs 1425 and stop loss of Rs 1250, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 1328.85, up 3.7% on the BSE.