Maharatna PSU Stock to Buy: MOFSL chooses this oil and gas stock for 2-3 days; check out target price
MOFSL has recommended buying ONGC shares for the next 2-3 days. The brokerage has given a target of Rs 360. On Monday, August 12, shares of ONGC closed at Rs 341.3 each.
Indian frontline indices saw a muted opening on Tuesday due to volatility in the market. At 12.27 AM, Sensex was at 79,441.66, down 207.27 points or 0.26 per cent and Nifty was down 63.40 points or 0.26 per cent at 24,282.70.
Meanwhile, brokerage Motilal Oswal Financial Services Limited (MOFSL) suggested buying a Maharatna PSU stock from a short-term perspective.
Maharatna PSU stock to buy
MOFSL has recommended buying ONGC shares for the next 2-3 days. The brokerage has given a target of Rs 360. On Monday, August 12, shares of ONGC closed at Rs 341.3 each.
This means the stock can provide returns of up to six per cent from its last closing price.
Today at 12.31 PM, ONGC shares were almost one per cent down and were at Rs 338 apiece.
On Tuesday, trading in ONGC started in the green in a sluggish market. The stock has given around 90 per cent returns in the last one year. So far this year, shares have given 65 per cent returns. At the same time, the stock has given a return of 32 per cent in six months and 28 per cent in three months. The stock has risen about 11 per cent in the last one month. The stock has increased by 12 per cent in 1 week. The 52-week high of the share on BSE is Rs 344.60 and the low is Rs 172.80. The market cap of the company is more than Rs 4.29 lakh crore.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Top 7 Index Mutual Funds With up to 63% SIP Returns in 1 Year: Rs 25,000 monthly SIP in No. 1 fund is now worth Rs 3.94 lakh
What SBI, PNB, HDFC Bank, ICICI Bank, Canara Bank and others are offering to senior citizens in their fixed deposit schemes; get latest details
Power of Rs 2,500 SIP: Top mutual funds that have converted Rs 2,500 monthly SIP into up to Rs 5,09,28,437 since their inception
Cochin Shipyard Dividend 2024: Do you own this stock? Check dividend amount, record date and payment date
SBI FD vs POMIS: Which will give higher return on Rs 9,00,000 investment for 5 years; understand with examples
Know Your NPS Annuity: How much do you need to invest to get Rs 90,000 monthly pension in all 5 NPS categories? Get calculations
12:36 PM IST