ONGC share price target: What should investors do with PSU stock? Jefferies sees 40% upside
ONGC share price today: Shares of state-owned Oil and Natural Gas Corporation (ONGC) were in the spotlight on Dalal Street after global brokerages revised their target prices on the PSU stock post Q4 earnings results.
ONGC share price target, ONGC Q4 results, ONGC share price today: Shares of state-owned Oil and Natural Gas Corporation (ONGC) were in the spotlight on Dalal Street after global brokerages revised their target prices on the PSU stock post Q4 earnings results. Check out ONGC share price targets:
Should you buy, sell or hold ONGC shares?
Global brokerage CLSA has continued with its ‘buy’ rating with the target raised to Rs 330 against Rs 300 earlier.
ONGC share price target: Jefferies sees 40% upside
Jefferies has also maintained a 'buy' view with a target of Rs 390 on ONGC. The revised target by Jefferies implies a possible upside of nearly 40 per cent.
Is ONGC stock a good buy?
JP Morgan has a 'neutral' call with a target of Rs 280.
ONGC share price target 2024
Citi has maintained a buy call on ONGC. The brokerage has raises the target to Rs 315 from Rs 305.
ONGC share price target
Goldman Sachs has given a 'sell' on the PSU stock. However, the brokerage has raised the target by Rs 20 to Rs 200 per share.
ONGC share price today NSE
ONGC shares traded sluggish on Wednesday, up 0.04 per cent at Rs 280.2 on NSE in morning deals.
ONGC Q4 results
ONGC Q4 results
ONGC's March quarter net profit soared 19 times as the year-ago period had a one-time exceptional provision, while it posted a record earning for the full fiscal.
ONGC profit
ONGC profit
The company's standalone net profit of Rs 9,869 crore in January-March - the fourth quarter of fiscal year 2023-24 - compared with a profit of Rs 528 crore in the same period of the previous financial year, according to a company statement.
ONGC dividend history
ONGC dividend history
The company declared a total dividend of 245 per cent (Rs 12.25 per share of face value Rs 5 each) with a total payout of Rs 15,411 crore. This includes an interim dividend of 195 per cent (Rs 9.75 per share) already paid during the year and a final dividend of 50 per cent (Rs 2.50 per share) recommended by the Board.
Image: Official website and others
(with inputs from PTI)
(Disclaimer: The views/suggestions/advice expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)