{"id":361863,"date":"2020-07-08T11:39:28","date_gmt":"2020-07-08T06:09:28","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=361863"},"modified":"2020-07-08T11:39:28","modified_gmt":"2020-07-08T06:09:28","slug":"clsa-retains-buy-on-gail-sell-rating-on-ongc","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/clsa-retains-buy-on-gail-sell-rating-on-ongc\/","title":{"rendered":"CLSA retains buy on GAIL, sell rating on ONGC"},"content":{"rendered":"<p>Mumbai: CLSA has retained buy rating on GAILNSE 0.88 % and sell rating on Oil &amp; Natural Gas Ciro as they believe volume growth, earnings surprise potential and return ratios are better for GAIL. The foreign brokerage has a target price of Rs 125 on GAIL and a target price of Rs 55 on ONGC. ET takes a look at reasons behind CLSA&#8217;s &#8216;sell ONGCNSE -0.24 %, buy GAIL&#8217; recommendation:<\/p>\n<p>Crude oil price: According to CLSA, both CLSA and GAIL are positively leveraged to the crude price but ONGC is pricing in an over $50 per barrel brent price even as futures suggest a sub-$45 per barrel price for the next two years. GAIL offers a 20% upside at a spot Brent of $41 per barrel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: CLSA has retained buy rating on GAILNSE 0.88 % and sell rating on Oil &amp; Natural Gas Ciro as they believe volume growth, earnings surprise potential and return ratios are better for GAIL. The foreign brokerage has a target price of Rs 125 on GAIL and a target price of Rs 55 on ONGC. ET takes a look at reasons behind CLSA&#8217;s &#8216;sell ONGCNSE -0.24 %, buy GAIL&#8217; recommendation: Crude oil price: According to CLSA, both CLSA and GAIL are positively leveraged to the crude price but ONGC is pricing in an over $50 per barrel brent price even [&hellip;]<\/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":[130,191,136],"tags":[],"class_list":["post-361863","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/361863","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=361863"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/361863\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=361863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=361863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=361863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}