Current price is less than the intrinsic value

Intrinsic Value

Stock has been generating better return on equity than bank FD

Returns vs FD rates

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

OVL, the overseas arm of state-owned Oil and Natural Gas Corporation (ONGC), had a 25 per cent stake in Block 2A&4 in Sudan. Sudan had since 2011 not paid OVL and partners for oil it bought from the block.

Sudan owes ONGC Videsh $560 mn in unpaid dues: Govt

OVL, the overseas arm of state-owned Oil and Natural Gas Corporation (ONGC), had a 25 per cent stake in Block 2A&4 in Sudan

Sudan owes ONGC Videsh $560 mn in unpaid dues: Govt to Parliament

Traders can continue with a stock-specific approach and we may see trades on both sides if the Nifty remains in a consolidation mode.

Hot Stocks | Here’s Why You Should Buy ONGC And Sell Sun Pharma For Short Term

Nifty Oil & Gas although pulled back from their early gains of nearly 1% but stayed on a steady route with the majority of stocks in the green.

Nifty Oil & Gas holds steady after OPEC+ sticks to output plans; RIL top bear; GSPL, BPCL, Indian Oil, ONGC rally

Stocks in news: ONGC, Bharat Dynamics, ABB India, Biocon, Canara Bank, Ujjivan Financial and more

Stocks in news: Tata Power, SBI, Maruti, Canara Bank and more

The Memorandum of Understanding (MoU) was signed by ONGC Chairman and Managing Director Subhash Kumar and SECI Managing Director Suman Sharma

ONGC signs pact with SECI to develop renewable, ESG projects

The project will utilize CO2 captured from IOC’s Koyali refinery for injecting in to the depleted reservoirs of Gandhar oil field in Gujarat.

ONGC inks MoU with SECI to develop renewable, ESG projects

The biotechnology major Biocon said its unit has received approval from the US health regulator to market a generic product.

Stocks in the news: ONGC, Tata Power, Biocon, BDL and Canara Bank

Morning Watch: ONGC Scales Up Energy Footprint, Biocon’s New Drug Approved & More

“The MoU provides a broad, overarching framework for ONGC and SECI to collaborate and cooperate for undertaking renewable energy projects including solar, wind, solar parks, EV value chain, green hydrogen, storage, etc,” a company statement said.

ONGC inks pact with SECI to develop renewable, ESG projects

While the apex court’s had directed that the arbitrators will themselves fix their fees, to be borne equally by both the parties, ONGC had insisted on paying the fees as per the clause in its contract.

SC pulls up ONGC for not paying fees to arbitrators

Oil and Natural Gas Corporation Limited is a global energy holding company. The Company is engaged in the exploration, development and production of crude oil and natural gas.

Oil and Natural Gas Corporation Ltd

Oil and Natural Gas Corporation Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

Returns vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's return on equity is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Sudan owes ONGC Videsh $560 mn in unpaid dues: Govt

Sudan owes ONGC Videsh $560 mn in unpaid dues: Govt to Parliament

Hot Stocks | Here’s Why You Should Buy ONGC And Sell Sun Pharma For Short Term

Nifty Oil & Gas holds steady after OPEC+ sticks to output plans; RIL top bear; GSPL, BPCL, Indian Oil, ONGC rally

Stocks in news: Tata Power, SBI, Maruti, Canara Bank and more

ONGC signs pact with SECI to develop renewable, ESG projects

ONGC inks MoU with SECI to develop renewable, ESG projects

Stocks in the news: ONGC, Tata Power, Biocon, BDL and Canara Bank

Morning Watch: ONGC Scales Up Energy Footprint, Biocon’s New Drug Approved & More

ONGC inks pact with SECI to develop renewable, ESG projects

Oil and Natural Gas Corporation Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

Returns vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's return on equity is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Sudan owes ONGC Videsh $560 mn in unpaid dues: Govt

Sudan owes ONGC Videsh $560 mn in unpaid dues: Govt to Parliament

Hot Stocks | Here’s Why You Should Buy ONGC And Sell Sun Pharma For Short Term

Nifty Oil & Gas holds steady after OPEC+ sticks to output plans; RIL top bear; GSPL, BPCL, Indian Oil, ONGC rally

Stocks in news: Tata Power, SBI, Maruti, Canara Bank and more

ONGC signs pact with SECI to develop renewable, ESG projects

ONGC inks MoU with SECI to develop renewable, ESG projects

Stocks in the news: ONGC, Tata Power, Biocon, BDL and Canara Bank

Morning Watch: ONGC Scales Up Energy Footprint, Biocon’s New Drug Approved & More

ONGC inks pact with SECI to develop renewable, ESG projects

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

Returns vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's return on equity is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock