{"id":371503,"date":"2020-09-03T10:29:48","date_gmt":"2020-09-03T04:59:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=371503"},"modified":"2020-09-03T10:29:48","modified_gmt":"2020-09-03T04:59:48","slug":"with-ongc-shares-struggling-a-quarters-earnings-beat-wont-be-enough","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/with-ongc-shares-struggling-a-quarters-earnings-beat-wont-be-enough\/","title":{"rendered":"With ONGC shares struggling, a quarter\u2019s earnings beat won\u2019t be enough"},"content":{"rendered":"<p>This is a year of many unpleasant firsts. In February, shares of Oil and Natural Gas Corp. Ltd (ONGC) fell below \u20b9100 apiece for the first time since 2005. Now, the ONGC stock trades at around \u20b980.<\/p>\n<p>\u201cContinuous divestment by way of ETFs in the last 2-3 years has hurt ONGC\u2019s stock performance,&#8221; said a report by ICICI Securities Ltd on 2 September.<\/p>\n<p>Agreed, the substantial underperformance renders valuations appealing. \u201cBut valuations were attractive six months ago as well and that\u2019s clearly not exciting investors,&#8221; said Probal Sen, senior vice-president, Centrum Broking Ltd.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is a year of many unpleasant firsts. In February, shares of Oil and Natural Gas Corp. Ltd (ONGC) fell below \u20b9100 apiece for the first time since 2005. Now, the ONGC stock trades at around \u20b980. \u201cContinuous divestment by way of ETFs in the last 2-3 years has hurt ONGC\u2019s stock performance,&#8221; said a report by ICICI Securities Ltd on 2 September. Agreed, the substantial underperformance renders valuations appealing. \u201cBut valuations were attractive six months ago as well and that\u2019s clearly not exciting investors,&#8221; said Probal Sen, senior vice-president, Centrum Broking Ltd.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-371503","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/371503","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=371503"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/371503\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=371503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=371503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=371503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}