BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
CLSA downgrades ONGC to sell
Change in crude oil cess to 20 per cent of total value of crude output from a fixed $9.5 per barrel is negative for upstream oil companies. Expectation on crude oil cess was 10 per cent of total value of crude output.