ONGC edges higher after reporting record profit; Citi retains sell call - Moneycontrol

5/29/2022 12:00:00 AM2 years 11 months ago
by Sandip Das

Japanese research firm Nomura has a neutral call on the stock with target of Rs 185: "Production continues on declining trend. Exploration capex to increase 1.5x."

Oil and Natural Gas Corporation (ONGC) share was trading in the green in the morning session after the company declared earnings on Saturday. The firm reported a record net profit of Rs 40,305 crore… [+2517 chars]

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ONGC edges higher after reporting record profit; Citi retains sell call - Moneycontrol

Japanese research firm Nomura has a neutral call on the stock with target of Rs 185: &quot;Production continues on declining trend. Exploration capex to increase 1.5x.&quot;

Japanese research firm Nomura has a neutral call on the stock with target of Rs 185: "Production continues on declining trend. Exploration capex to increase 1.5x."