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

ONGC Videsh had earlier discovered oil in Mariposa and Indico fields in the years 2017 and 2018, respectively.

ONGC Videsh announces new oil discovery in Colombia

Oil and Natural Gas Corporation (ONGC) rose 1.67% to Rs 137.10 after the company said that its overseas arm, ONGC Videsh, made an oil discovery in the recently drilled well, Urraca-IX, in CPO-5 block, Llanos Basin, Colombia.

ONGC rises after overseas arm discovers oil in Colombia

The rally was led by banking stocks; ONGC climbs nearly 5 per cent

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Stocks that will see action on June 24, 2022

Stocks to Watch today: ONGC overseas arm ONGC Videsh has made an oil discovery in a recently drilled well Urraca-IX in CPO-5 block, Llanos Basin, Colombia.

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Indian indices on Thursday closed higher, led by IT and auto stocks, while a fall in oil prices boosted domestic sentiment.

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The block was awarded to OVL in the 2008 bid round of Colombia. OVL holds 70% participating interest in the block along with operatorship. The remaining 30% stake in the block is held by its partner Geopark.

ONGC Videsh discovers oil in Colombia | The Financial Express

The company has made an oil discovery in the recently drilled well, Urraca-IX, in CPO-5 block, Llanos Basin, Colombia. Well, Urraca-1X was spudded on 20th April 2022 and drilled to target depth (TD) of 10956 ft., encountering 17 ft thick oil-bearing sands at a depth from 10201ft -10218 ft, the minis…

ONGC Videsh Limited announces new discovery in Colombia

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

ONGC Videsh announces new oil discovery in Colombia

ONGC rises after overseas arm discovers oil in Colombia

Sensex, Nifty rise nearly 1 per cent early

Stocks that will see action on June 24, 2022

Stocks to Watch: Hero MotoCorp, ONGC, Tata Motors, Thermax, DCM Shriram, IT

Stocks to Watch: ONGC, Hero MotoCorp, J&K Bank

Stocks to Watch Today: Hero MotoCorp, ONGC, Century Plyboards, and Others

Stocks to Watch Today | Hero MotoCorp, ONGC, Thermax, and others in news today

Stocks in Focus on Jun 24: ONGC, Hero Moto, Thermax, Suyog Telematics & More

ONGC Videsh discovers oil in Colombia | The Financial Express

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

ONGC Videsh announces new oil discovery in Colombia

ONGC rises after overseas arm discovers oil in Colombia

Sensex, Nifty rise nearly 1 per cent early

Stocks that will see action on June 24, 2022

Stocks to Watch: Hero MotoCorp, ONGC, Tata Motors, Thermax, DCM Shriram, IT

Stocks to Watch: ONGC, Hero MotoCorp, J&K Bank

Stocks to Watch Today: Hero MotoCorp, ONGC, Century Plyboards, and Others

Stocks to Watch Today | Hero MotoCorp, ONGC, Thermax, and others in news today

Stocks in Focus on Jun 24: ONGC, Hero Moto, Thermax, Suyog Telematics & More

ONGC Videsh discovers oil in Colombia | The Financial Express

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