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 ONGC
Positive noise on reforms continue. ONGC is cheapest exploration and production stock globally. Strong earnings per share growth (EPS) is likely. Assume 59 per cent decline in oil subsidies over the last two years.