07 Nov 2026, 06:48 IST
Oil & Natural Gas Corporation Limited
HDFC Securities · REDUCE · target INR 242/sh
The report maintains REDUCE on ONGC with a revised TP of INR 242 citing limited production upside from subsurface issues at KG-98/2 and mature field declines, despite Q2FY27 EBITDA growing 48.7% YoY but falling 10.6% QoQ.
From HSIE Results Daily 07 Nov 26 HSIE, written by HDFC Securities. Orivam summarised it; the view is HDFC Securities's, not Orivam's.
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