Purchase Oil And Natural Gas Corporation, target rate Rs 160.4: ICICI Direct

Synopsis Price sustaining above the current supply line breakout location as purchasing need emerged from the 50 days EMA signalling favorable bias.Oil And Natural Gas Corporation, included in the year 1993, is a Large Cap business (having a market cap of Rs 201095.76 Crore) operating in Gas & Petroleum sector. ICICI Direct has purchase get in touch with Oil And Natural Gas Corporation with a target cost of Rs 160.4. The present market value of Oil And Natural Gas Corporation Ltd. is Rs 158.95. ICICI Direct advised to keep stoploss at Rs 155.9. The timeline recommended for the offered trade is Intraday. Oil And Natural Gas Corporation, integrated in the year 1993, is a Large Cap business (having a market cap of Rs 201095.76 Crore) operating in Gas & Petroleum sector. Oil And Natural Gas Corporation crucial Products/Revenue Segments consist of Oil Crude, Gas Natural, Naphtha, Ethane, Propane, C2/C3 (Ethane/Propane), Butane, Other Operating Revenue, Aviation Turbine Fuel (ATF), HSD, Superior Kerosene Oil, LSHS, Mineral Turpentine Oil (MTO), Others for the year ending 31-Mar-2022. Financials For the quarter ended 31-12-2022, the business has actually reported a Consolidated Total Income of Rs 171041.32 Crore, up.03 % from last quarter Total Income of Rs 170984.28 Crore and up 15.71 % from in 2015 exact same quarter Total Income of Rs 147814.67 Crore. Business has actually reported net earnings after tax of Rs 10682.03 Crore in newest quarter. The business’s leading management consists of Mrs.Pomila Jaspal,
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