{"id":307670,"date":"2019-12-28T11:24:14","date_gmt":"2019-12-28T05:54:14","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=307670"},"modified":"2019-12-28T11:24:14","modified_gmt":"2019-12-28T05:54:14","slug":"ongc-stock-maintain-buy-with-target-price-of-rs-190","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-stock-maintain-buy-with-target-price-of-rs-190\/","title":{"rendered":"ONGC stock: Maintain \u2018buy\u2019 with target price of Rs 190"},"content":{"rendered":"<p>2QFY20 net sales were down 12% Y-o-Y to Rs 245 bn (in-line), primarily due to lower crude oil realisation at $60.3\/bbl (v\/s $73.1\/bbl in 2QFY19). EBIDTA was down 16% Y-o-Y to Rs 133 bn (in-line). During the quarter, other expenditure was at $6.4\/boe (v\/s $7.1\/boe in 2QFY19).<\/p>\n<p>DD&amp;A was at $10\/bbl in 2QFY20 v\/s 7.6\/bbl in 2QFY19. Dry well cost was 21% higher Y-o-Y due to write-backs, majorly from Mumbai and KG offshores. PBT was 2% higher than estimated at Rs 90.4b (-29% YoY), with higher other income offsetting higher depreciation and interest cost.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>2QFY20 net sales were down 12% Y-o-Y to Rs 245 bn (in-line), primarily due to lower crude oil realisation at $60.3\/bbl (v\/s $73.1\/bbl in 2QFY19). EBIDTA was down 16% Y-o-Y to Rs 133 bn (in-line). During the quarter, other expenditure was at $6.4\/boe (v\/s $7.1\/boe in 2QFY19). DD&amp;A was at $10\/bbl in 2QFY20 v\/s 7.6\/bbl in 2QFY19. Dry well cost was 21% higher Y-o-Y due to write-backs, majorly from Mumbai and KG offshores. PBT was 2% higher than estimated at Rs 90.4b (-29% YoY), with higher other income offsetting higher depreciation and interest cost.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-307670","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/307670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=307670"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/307670\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=307670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=307670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=307670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}