Buy Oil And Natural Gas Corporation, target price Rs 214: ICICI Securities

ICICI Securities has buy call on Oil And Natural Gas Corporation with a target price of Rs 214.

The current market price of Oil And Natural Gas Corporation Ltd. is Rs 129.9.

Time period given by analyst is one year when Oil And Natural Gas Corporation Ltd. price can reach defined target.


Oil And Natural Gas Corporation Ltd., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 155932.56 Crore) operating in Gas & Petroleum sector.

Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 109301.82 Crore, down -7.53 % from last quarter Total Income of Rs 118206.16 Crore and up 71.92 % from last year same quarter Total Income of Rs 63575.47 Crore. Company reported net profit after tax of Rs 6242.23 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 60.4 per cent stake in the company as of Sept 30, 2020, while FIIs held 7.7 per cent, DIIs 17.5 per cent and public and others 14.4 per cent.