Is it good time to buy ONGC shares?
Yes it is good to invest in ongc. Ongc is a large cap company and is providing good dividend. The company has good fundamentals and will be a great choice to invest for long term.
What is the future of ONGC share price?
As on 6th Jul 2022 ONGC SHARE Price closed @ 120.95 and we RECOMMEND Strong Sell for LONG-TERM with Stoploss of 150.65 & Strong Sell for SHORT-TERM with Stoploss of 153.89 we also expect STOCK to react on Following IMPORTANT LEVELS….ONGCSHARE Price.
| ONGC CURRENT MONTH FUTURE | |
|---|---|
| Close | 121.20 |
| Lot Size | 3850 |
What is the target price for ONGC share?
The brokerage maintains BUY recommendation on ONGC with a target price of INR 220, based on (1) increase in crude price realisation and (2) improvement in domestic gas price realisation.
Why ONGC share is falling today?
Reliance and ONGC shares fell sharply after the govt announced tax hike on petroleum products export. The govt has announced a ₹6 per litre tax on exports of petrol and aviation turbine fuel and ₹13 per litre on exports of diesel.
Why is ONGC increasing?
This rise has happened because of further increase in crude oil prices. ONGC is an explorer and producer of oil. So it benefits from increase in oil prices.
Is ONGC share will rise?
ONGC’s share price rose to a high of Rs 147.35 as against Rs 143.75 at the previous close on the BSE. Revenue from operations rose to Rs 34,497.24 crore in the fourth quarter of the 2021-22 fiscal from Rs 21,188.91 crore in January-March 2021.
Are ONGC shares undervalued?
Very attractive valuations If we equate ONGC with these companies, the shares should trade at least twice the current valuations. In terms of price to book value too, these stocks are highly undervalued at around 0.50 to 0.60 times.
Is ONGC giving dividend in 2022?
For the year ending March 2022 Oil and Natural Gas Corporation has declared an equity dividend of 210.00% amounting to Rs 10.5 per share. At the current share price of Rs 120.95 this results in a dividend yield of 8.68%.
Why is ONGC rising?
What is PE ratio of ONGC today?
Oil & Natural Gas Corporation reported 5.01 in PE Price to Earnings for its third fiscal quarter of 2021.
What is the roe of ONGC?
ONGC’s Financial Summary
| Parameter | MAR’18 | MAR’17 |
|---|---|---|
| ROA(%) | 7.41 | 7.15 |
| ROE(%) | 10.53 | 10.19 |
| ROCE(%) | 15.03 | 15.05 |
| Efficiency Ratios: |
How many times ONGC give dividends?
Oil And Natural Gas Corporation Ltd. has declared 51 dividends since Aug. 29, 2000. In the past 12 months, Oil And Natural Gas Corporation Ltd. has declared an equity dividend amounting to Rs 9.10 per share.