{"id":384994,"date":"2020-11-19T11:48:56","date_gmt":"2020-11-19T06:18:56","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=384994"},"modified":"2020-11-19T11:48:56","modified_gmt":"2020-11-19T06:18:56","slug":"retain-sell-on-ongc-with-unchanged-fv-of-rs-60","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/retain-sell-on-ongc-with-unchanged-fv-of-rs-60\/","title":{"rendered":"Retain \u2018sell\u2019 on ONGC with unchanged FV of Rs 60"},"content":{"rendered":"<p>ONGC\u2019s 2QFY21 results were well ahead of our expectations boosted by higher value-added-products sales volumes, higher realisations, reduction in other expenses and favourable movement in below-Ebitda items. We align FY2021E EPS for strong performance of ONGC and its subsidiaries, while broadly retaining FY2022-23 estimates. \u2018Sell\u2019 stays with unchanged FV of Rs 60. Potential recovery in global oil prices or deregulation of domestic gas prices are key risks to our negative stance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ONGC\u2019s 2QFY21 results were well ahead of our expectations boosted by higher value-added-products sales volumes, higher realisations, reduction in other expenses and favourable movement in below-Ebitda items. We align FY2021E EPS for strong performance of ONGC and its subsidiaries, while broadly retaining FY2022-23 estimates. \u2018Sell\u2019 stays with unchanged FV of Rs 60. Potential recovery in global oil prices or deregulation of domestic gas prices are key risks to our negative stance.<\/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-384994","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\/384994","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=384994"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/384994\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=384994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=384994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=384994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}