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Kotak Securities has sell call on Oil And Natural Gas Corporation with a target price of Rs 150. The current market price of Oil And Natural Gas Corporation is Rs 157.25. Time period given by analyst is Intra Day 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 196881.37 Crore) operating in Gas & Petroleum sector.

Financials

For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 147814.67 Crore, up 19.74 % from last quarter Total Income of Rs 123444.95 Crore and up 44.33 % from last year same quarter Total Income of Rs 102416.51 Crore. Company reported net profit after tax of Rs 10936.33 Crore in latest quarter.

Investment Rationale
Constantly trading in a sloping channel with lower highs formation, which exhibits a bearish trend.


Promoter/FII Holdings
Promoters held 58.91 per cent stake in the company as of 31-Mar-2022, while FIIs owned 9.91 per cent, DIIs 16.37 per cent.

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