Buy Oil And Natural Gas Corporation, target price Rs 190: Emkay Global

Synopsis

Oil And Natural Gas Corporation Ltd., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 166562.90 Crore) operating in Gas & Petroleum sector.

Reuters
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.

Emkay Global has buy call on

with a target price of Rs 190. The current market price of Oil And Natural Gas Corporation is Rs 133.05.

Time period given by analyst is one year when

. 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 166562.90 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 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 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.

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