Oil and Natural Gas Corporation Ltd (NSE: ONGC): There is a bullish atmosphere in the stock market and analysts believe that Nifty will see its all-time high-level next week.
At present the all-time high level of Nifty is 22,127. On Friday, Nifty closed at the level of 22,041 and is close to its all-time high level.
Once again bulls seem to be dominating the market and positivity has returned to the market due to buying in banking stocks.
However, market experts are also advising to be cautious in the market at this time. Good quarterly results of some big companies have also given direction to the market.
Meanwhile, a stock market expert believes that stock-specific action will continue in the market. It is the moment to pick the best stocks.
He stated that your selection of stocks will determine the amount of profits you can earn shortly. He said that there are still some stocks that, despite the gains, have a lot of potential to go further.
He said that the rally of PSU stocks will continue. He said that he has been giving buying advice to Oil and Natural Gas Corporation Ltd (ONGC) for a long time.
Now this stock has increased by 18 percent in the last month alone. Despite this, there is a possibility of going further.
He said that ONGC is a stock that has hardly been re-rated and as far as ownership is concerned, it is the least owned stock. If we are talking about energy, then irrespective of whether this stock is at Rs 270 Rs 280, or Rs 260, ONGC should be in your portfolio.
He said that stocks like ONGC have the potential to enhance your portfolio at any price. He said that the trend of PSU stocks is not going anywhere, rather it may increase further.
The performance of some such stocks has been very good. He said that it is very difficult to hold on to a stock that has increased three times, but it can increase further in the coming time.
About Oil and Natural Gas Corporation (ONGC)
Oil and Natural Gas Corporation Ltd is an Indian company. It’s involved in the development, production, and exploration of petroleum as well as natural gas.
The company is active in offshore and onshore fields across the globe through the use of joint partnerships or joint ventures.
The production of crude oil constitutes the primary source of income for the company and its Russian assets are the biggest source of production.
Apart from its exploration as well as production aspects, it also focuses on refining and transporting hydrocarbons.
Oil and Natural Gas Corporation Ltd is a company of the public sector that is controlled by the Indian Government of India.
Fundamental Analysis of Oil and Natural Gas Corporation Ltd
| Market Cap | ₹ 3,45,580 Cr. |
| Current Price | ₹ 275 |
| 52-wk High | ₹ 280 |
| 52-wk Low | ₹ 146 |
| Stock P/E | 7.53 |
| Book Value | ₹ 246 |
| Dividend | 4.10 % |
| ROCE | 13.9 % |
| ROE | 14.1 % |
| Face Value | ₹ 5.00 |
| P/B Value | 1.12 |
| OPM | 15.3 % |
| EPS | ₹ 33.3 |
| Debt | ₹ 1,43,496 Cr. |
| Debt to Equity | 0.46 |
| Year | 1st Target | 2nd Target |
| 2024 | ₹255 | ₹305 |
| 2025 | ₹310 | ₹368 |
| 2026 | ₹405 | ₹475 |
| 2027 | ₹500 | ₹624 |
| 2028 | ₹650 | ₹780 |
| 2029 | ₹800 | ₹1100 |
| 2030 | ₹1150 | ₹1370 |
| Promoters Holding | |
| Dec 2022 | 58.89% |
| Mar 2023 | 58.89% |
| June 2023 | 58.89% |
| Sept 2023 | 58.89% |
| Dec 2023 | 58.89% |
| FII Holding | |
| Dec 2022 | 8.43% |
| Mar 2023 | 7.97% |
| June 2023 | 8.11% |
| Sept 2023 | 8.38% |
| Dec 2023 | 9.20% |
| DII Holding | |
| Dec 2022 | 19.27% |
| Mar 2023 | 19.87% |
| June 2023 | 19.84% |
| Sept 2023 | 19.58% |
| Dec 2023 | 10.30% |
| Govt. Holding | |
| Dec 2022 | 10.30% |
| Mar 2023 | 10.30% |
| June 2023 | 10.30% |
| Sept 2023 | 10.30% |
| Dec 2023 | 10.30% |
| Public Holding | |
| Dec 2022 | 3.10% |
| Mar 2023 | 2.94% |
| June 2023 | 2.87% |
| Sept 2023 | 2.89% |
| Dec 2023 | 2.89% |
To better understand how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 421,624 Cr |
| 2020 | ₹ 396,728 Cr |
| 2021 | ₹ 303,849 Cr |
| 2022 | ₹ 491,246 Cr |
| 2023 | ₹ 640,333 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 33,938 Cr |
| 2020 | ₹ 11,456 Cr |
| 2021 | ₹ 21,360 Cr |
| 2022 | ₹ 49,294 Cr |
| 2023 | ₹ 50,386 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.47 |
| 2020 | 0.51 |
| 2021 | 0.5 |
| 2022 | 0.42 |
| 2023 | 0.46 |
Last 10 Years’ Profit Growth:
| 10 Years: | 5% |
| 5 Years: | 12% |
| 3 Years: | 37% |
| Current Year: | 17% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 12% |
| 5 Years: | 13% |
| 3 Years: | 14% |
| Last Year: | 14% |
Sales Growth Over 10 Years:
| 10 Years: | 15% |
| 5 Years: | 14% |
| 3 Years: | 17% |
| Current Year: | -5% |
Conclusion
This article is a complete guide about Oil and Natural Gas Corporation Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses.
Also, We have discussed the share’s prospects and growth potential in detail.
This information will help you in your further investment.
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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We provide timely updates about the stock market and financial products to help you make better investment choices. Do your research before any investment.
