Changing Perspectives on ONGC Amid Adjusted Growth and Risk Expectations
Market Valuation Adjustments: Analysts have adjusted the fair value of Oil and Natural Gas stocks to ₹279.3 per share, with a slight increase in the discount rate to 13.02% while maintaining long-term revenue growth expectations at 1.30%, reflecting cautious optimism amid structural demand.
Bullish and Bearish Perspectives: Analysts generally maintain Neutral to Outperform ratings despite trimming targets, indicating a belief in the sector's fundamentals, while some express caution over potential macroeconomic headwinds and demand normalization risks.
Strategic Developments: The company is considering the reemployment of Chairman Arun Kumar Singh and has received approval for joint ventures in the Very Large Ethane Carrier segment, alongside a significant investment in renewable energy through ONGC Green Limited.
Community Engagement: Investors are encouraged to engage with the Simply Wall St Community to explore narratives linking company performance to fair value, track updates on market dynamics, and assess potential investment opportunities.
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