BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
CLSA maintains buy on Oil & Natural Gas Corporation
Clear subsidy formula to drive re-rating in the stock, which is likely soon. Realizations will rise despite lower crude price. Recent increase in crude production is encouraging. Stock trading at close to its bear case.