Buy Oil And Natural Gas Corporation, target price Rs 200: JM Financial
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over 1 year ago
The brokerage has cut its FY24 PAT estimate by 5% and FY25 PAT estimate by 15% to factor in higher continued provision for SC/GST on royalty, higher dry well write-off, and weak FY23 results. Hence, it has further slashed its TP to INR 200/share (from INR 220/share).
Economic Times