Thu, Apr 18, 2024
The company's outperformance is likely to continue with improved capital allocation & stable regulations supporting stable 18-20% ROE, the brokerage said.
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Tue, Apr 16, 2024
Upstream oil exploration and production companies ONGC and Oil India Ltd stand may lose as they will not get the full benefit of rising international prices for their crude. However, the government on the other hand will get more resources to finance its social welfare schemes for the poor and keep its fiscal deficit in check.
The Indian government has raised its windfall tax on petroleum crude to 9,600 rupees ($114.99) a metric ton from 6,800 rupees with effect from April 16, the government said on Monday.
Sat, Aug 20, 2022
Shares of energy companies – Oil and Natural Gas Corporation (ONGC), Oil India, Mangalore Refinery & Petrochemicals (MRPL), and Chennai Petroleum Corporation – were trading mixed on the bourses on Friday as the government hiked windfall profit tax on diesel, jet fuel export and slashed tax on domestic crude oil.
Fri, Aug 19, 2022
The government raised the windfall profit tax on the export of diesel and brought back a tax on jet fuel exports, however, cut the levy on domestically produced crude oil in line with softening rates,
Zee Business brings you a list of 20 stocks from cash, techno and F&O space. These stocks have been picked keeping in view investors' short-to-long term requirements.
Thu, Aug 18, 2022
ICICI Securities has given Buy rating with a target price of Rs 185 per share, implying over 33 per cent upside in the stock price from the current level.
Tue, Aug 16, 2022
Brokerage firms were bullish on Oil and Natural Gas Corporation counter after the state-owned company reported the highest quarterly net profit in the quarter ended June 30, 2022.
ONGC dividend record date 2022 has been fixed by the company. ONGC share dividend of 65% will be paid to its shareholders.
Fri, Aug 12, 2022
ONGC Q1 Results FY2023: Revenue from operations increased to Rs 42,320.72 crore in the first quarter of the current financial year from Rs 23,021.64 crore in the year-ago period.
Thu, Aug 04, 2022
Zee Business brings you a list of 20 stocks from cash, techno, and F&O space. These stocks have been picked keeping in view investors' short-to-long term requirements.
Wed, Jul 20, 2022
According to a Reuters report, India has cut a windfall tax on oil producers and refiners and exempted gasoline from an export levy, less than three weeks after it imposed the two charges
Rajarshi Gupta has taken over as Managing Director of ONGC Videsh Ltd (OVL), the overseas investment arm of state-owned Oil and Natural Gas Corporation (ONGC).
According to a Reuters report, India has cut a windfall tax on oil producers and refiners and exempted gasoline from an export levy, less than three weeks after it imposed the two charges.
Tue, Jul 19, 2022
JM Financial maintained a Buy stance on both ONGC and Oil India with target prices of Rs 210 and 280 per share, respectively, as they are the key beneficiaries of higher crude and gas prices
The oil market may tighten further as the EU’s embargo on Russian oil takes full effect by end-CY22 amidst limited OPEC+ spare capacity, the brokerage said.
Fri, Jul 15, 2022
The fall in the crude oil prices as well as the refining margin for diesel, petrol and aviation turbine fuel, raises the question whether the Indian government should continue with its windfall tax, said CLSA Ltd in a report.
Wed, Jul 13, 2022
Brokerage houses have chosen these stocks to invest money in the stock market and have also given new targets to invest in here. The brokerage report has also released the latest report.
Thu, Jul 07, 2022
Global brokerage houses have issued their ratings on some stocks and have changed the targets of some stocks. These stocks include ONGC and Coal India.
Mon, Jul 04, 2022
After the government announced export restrictions and imposed additional excise duty on petroleum products, brokerages feel oil production may hit upstream companies by under-realization.
The Indian market trimmed losses after correcting by more than one and half per cent in the morning trade to end with marginal cuts on Friday
Wed, Jun 29, 2022
The government on Wednesday allowed firms like ONGC and Vedanta to sell locally produced crude oil to any Indian refinery for turning it into fuel, such as petrol and diesel, as it deregulated one of the last few avenues that were still under its control.
Tue, Jun 28, 2022
An ONGC helicopter carrying nine persons including two pilots, on Tuesday made an emergency landing near a company's rig in the Arabian Sea, the company said.
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