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Buy Oil And Natural Gas Corporation, target price Rs 154: Yes Securities

Sure Securities has purchase name on with a goal value of Rs 154. The present market value of . is Rs 140.85.

Oil And Pure Fuel Company Ltd., integrated within the 12 months 1993, is a Massive Cap firm (having a market cap of Rs 175935.20 Crore) working in Fuel & Petroleum sector.

Oil And Pure Fuel Company Ltd. key Merchandise/Income Segments embody Oil Crude, Fuel Pure, Naphtha, Ethane, Propane, C2/C3 (Ethane/Propane), Butane, Different Working Income, Aviation Turbine Gasoline (ATF), HSD, Superior Kerosene Oil, LSHS, Mineral Turpentine Oil (MTO), Others for the 12 months ending 31-Mar-2022.


For the quarter ended 30-06-2022, the corporate reported a Consolidated Complete Revenue of Rs 184148.90 Crore, up 16.07 % from final quarter Complete Revenue of Rs 158648.42 Crore and up 68.48 % from final 12 months similar quarter Complete Revenue of Rs 109301.82 Crore. Firm reported web revenue after tax of Rs 7545.69 Crore in newest quarter.

Investment Rationale
Bouncing off its 2-yearly imply and trying to interrupt out off a consolidation base, implying power

Promoter/FII Holdings
Promoters held 58.89 per cent stake within the firm as of 30-Sep-2022, whereas FIIs owned 9.97 per cent, DIIs 18.52 per cent.

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