Current price is less than the intrinsic value

Intrinsic value

Stock has been generating better return on equity than bank FD

ROE 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

Based on the OI percentage, as many as 66 stocks saw long unwinding on February 1, including Ambuja Cements, Adani Enterprises, ONGC, LIC Housing Finance, and Oberoi Realty.

Trade setup for Thursday: Top 15 things to know before the opening bell

ONGC’s Sagar Samrat to add 6,000 barrels/day to India’s crude output

The Minister highlighted how Sagar Samrat is a testimony of India’s vision of producing its own oil when it was globally labelled as barren in terms of hydrocarbon exploration

Hardeep Singh Puri re-dedicates ONGC’s iconic Sagar Samrat to nation

Petroleum Minister re-dedicates ONGC’s Sagar Samrat as mobile offshore production unit

Here are the key intraday supports and resistances to watch out for Nifty Futures, RIL, ONGC, TCS, Infosys, HDFC Bank, SBI, and ITC

Day Trading Guide for January 27, 2023

More than a month after Arun Kumar Singh was appointed chairman of India’s largest oil and gas producer ONGC, the retired BPCL head is also the CEO of the company now, according to a stock exchange filing by ONGC.

Chairman Arun Kumar Singh to take charge as ONGC’s CEO as well: Report

The government on December 7 named Arun Kumar Singh, who had a couple of months back retired as head of Bharat Petroleum Corporation Ltd (BPCL), as the chairman of ONGC but not as its managing director.

ONGC: Arun Kumar Singh is now CEO as well

Based on the OI percentage, a short build-up was seen in 54 stocks on January 24, including Container Corporation of India, ONGC, Indus Towers, SBI Card, and Deepak Nitrite.

Trade setup for today: Top 15 things to know before the opening bell

Day Trading Guide for January 24, 2023

​​If the Nifty crosses and sustains above 18,200 level, it would take the index towards 18,500 levels, analysts said. HDFC Bank, TCS, L&T, UltraTech Cement, Sterlite Technologies, Persistent, ONGC, Coal India, and Vedanta are some of the stocks that look bullish on charts, according to analysts.

Nifty looks set for a pre-Budget rally: Analysts

Day Trading Guide for January 20, 2023

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

ROE 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 long term average ROE 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

Trade setup for Thursday: Top 15 things to know before the opening bell

ONGC’s Sagar Samrat to add 6,000 barrels/day to India’s crude output

Hardeep Singh Puri re-dedicates ONGC’s iconic Sagar Samrat to nation

Petroleum Minister re-dedicates ONGC’s Sagar Samrat as mobile offshore production unit

Day Trading Guide for January 27, 2023

Chairman Arun Kumar Singh to take charge as ONGC’s CEO as well: Report

ONGC: Arun Kumar Singh is now CEO as well

Trade setup for today: Top 15 things to know before the opening bell

Day Trading Guide for January 24, 2023

Nifty looks set for a pre-Budget rally: Analysts

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

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE 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

Trade setup for Thursday: Top 15 things to know before the opening bell

ONGC’s Sagar Samrat to add 6,000 barrels/day to India’s crude output

Hardeep Singh Puri re-dedicates ONGC’s iconic Sagar Samrat to nation

Petroleum Minister re-dedicates ONGC’s Sagar Samrat as mobile offshore production unit

Day Trading Guide for January 27, 2023

Chairman Arun Kumar Singh to take charge as ONGC’s CEO as well: Report

ONGC: Arun Kumar Singh is now CEO as well

Trade setup for today: Top 15 things to know before the opening bell

Day Trading Guide for January 24, 2023

Nifty looks set for a pre-Budget rally: Analysts

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

ROE 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 long term average ROE 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