ONGC Share Price Surges by 3.52% to Close at ₹269 on Wednesday (14 February) 💹
After the announcement of the results, the ONGC share price has once again caught the attention of investors. Motilal Oswal, a leading brokerage firm, has set a target for the stock. They recommend buying ONGC shares with a target price of ₹315 per share. On 14 February 2014, the share closed at ₹269. With its current price, the stock has the potential to provide a profit of more than 17%.
In the past year, the stock has given a return of over 80%. In the last six months alone, the stock has surged by more than 50%. The one-month return is over 15%. The stock’s 52-week high is ₹275.65, while the lowest point is ₹145.55.
The market capitalization of ONGC on the BSE is ₹3.38 lakh crore. On Friday (16 February 2024), the share was trading at ₹273 with a decline of 1.62%.
In the December quarter, ONGC’s consolidated revenue stood at ₹165,569 crore, registering a decrease of 2.2% annually. The company’s net profit declined by 9.9% to ₹10,356 crore.
For the nine months of the financial year 2024, the company’s consolidated revenue stood at ₹476,266 crore, witnessing a decrease of 8.5% annually. However, the net profit increased by 20.5% to ₹38,224 crore.
With positive financials and attractive growth potential, ONGC remains a promising investment option for investors. 💡📈🚀
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
