Buy Oil And Natural Gas Corporation, target price Rs 315: Motilal Oswal

Motilal Oswal has buy call on Oil And Natural Gas Corporation with a target price of Rs 315. The current market price of Oil And Natural Gas Corporation Ltd. is Rs 271.

Oil And Natural Gas Corporation Ltd., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 343378.72 Crore) operating in Gas & Petroleum sector.

Oil And Natural Gas Corporation Ltd. key Products/Revenue Segments include Oil Crude, Gas Natural, Naphtha, Ethane, Propane, C2/C3 (Ethane/Propane), Butane, Subsidy, Aviation Turbine Fuel (ATF), Other Operating Revenue, HSD, LSHS, Electricity, Processing Charges, Mineral Turpentine Oil (MTO), Superior Kerosene Oil for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 169628.12 Crore, up 13.55 % from last quarter Total Income of Rs 149388.45 Crore and down -.83 % from last year same quarter Total Income of Rs 171041.32 Crore. Company reported net profit after tax of Rs 10677.80 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 58.89 per cent stake in the company as of 31-Dec-2023, while FIIs owned 9.2 per cent, DIIs 18.71 per cent.