 "Attractive valuation, improving prospects turn analysts positive on ONGC")
The street is abuzz, after a long time, with news of improving output at ONGC. For a company that has not seen its oil and gas production growing much in the past few years, the sustained rise in gas production is positive. The initial boost to output is expected from ONGC’s Daman offshore field, while the KG basin and CBM fields in Jharkhand will start pushing growth in coming years.
Analysts at Motial Oswal Securities say that after almost a decade of negative-to-flat growth, gas production is expected to grow at 10-15 per cent annually for the
Analysts at Motial Oswal Securities say that after almost a decade of negative-to-flat growth, gas production is expected to grow at 10-15 per cent annually for the
