Hold Oil And Natural Gas Corporation, target price Rs 135: ICICI Direct

ICICI Direct has hold call on Oil And Natural Gas Corporation with a target price of Rs 135. The current market price of Oil And Natural Gas Corporation is Rs 126.

Oil And Natural Gas Corporation Ltd., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 157756.70 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, Other Operating Revenue, Aviation Turbine Fuel (ATF), HSD, Superior Kerosene Oil, LSHS, Mineral Turpentine Oil (MTO), Others for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company has reported a Consolidated Total Income of Rs 184148.90 Crore, up 16.07 % from last quarter Total Income of Rs 158648.42 Crore and up 68.48 % from last year same quarter Total Income of Rs 109301.82 Crore. Company has reported net profit after tax of Rs 7545.69 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 58.89 per cent stake in the company as of 30-Jun-2022, while FIIs owned 9.97 per cent, DIIs 17.82 per cent.