Get started
OIL AND NATURAL GAS CORP.OIL AND NATURAL GAS CORP.OIL AND NATURAL GAS CORP.

OIL AND NATURAL GAS CORP.

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Options Bonds

ONGC trade ideas

18 June 2023 $ONGC: The oil money longNSE:ONGC Reports came out yesterday stating that Russian oil is making up 30% of India's imports as stated India's largest publicly owned oil & natural gas firm. This comes at a crucial period for Russia after being hammered by economic sanctions, as we can tell with the war, it is firmly narrowing down into a war of attrition, and this war can only be funded if Russia feels economic security, this reason so puts greater trust into BRIC stocks and will definitely see some sort of financial injections in the coming year(s). India hosting the largest population in the world is focused on 2 main objectives especially following the recent tragic train crash. 1. How can they lift the largest workforce in a similar manner to China up? 2. How can they compete neck to neck with Shanghai/LA/NYC/London/HK. Possessing a significantly advantageous location on the world map, India's future will soon be determined by policies made NOW. For India to achieve these objectives, at the very baseline, it requires public infrastructure and, none of that can run without the veins of oil. Thus, this bet is betting on India's persistence and future in general on its most necessary growth factor commodity. The balance sheets show a well maintained company with efficient enough statistics. Currently, it's Price-to-sales are about 0.29 with industry average at about 0.66. Meaning at the moment, ONGC is well undervalued. On top of that, its EBITDA is at 11.02 with Industry average at 8 exemplifying the company's healthy financial status and good cash flow. Beta value sits at 0.73 showing low volatility in comparison to the market and lastly, quarterly price to book is at 0.7 showing it is a great stock to buy at it's current value. I have long term entries at this with buys at 150, 152, 146 and 139 respectively. I will be DCAing this over time but I don't expect a drop to these levels any time soon.
NSE:ONGCLong
by bradleyzander
ONGC view chart Government company stock PROS Stock is trading at 0.66 times its book value Stock is providing a good dividend yield of 7.13%. Company is expected to give good quarter Company has been maintaining a healthy dividend payout of 38.3% CONS The company has delivered a poor sales growth of 11.7% over past five years. Company has a low return on equity of 11.7% over last 3 years. Contingent liabilities of Rs.76,693 Cr. Promoter holding has decreased over last 3 years: -4.09%
NSE:ONGCLong
by sankartvl