{"id":641515,"date":"2024-04-16T11:24:35","date_gmt":"2024-04-16T05:54:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=641515"},"modified":"2024-04-16T11:24:35","modified_gmt":"2024-04-16T05:54:35","slug":"ongc-shares-jump-5-after-jefferies-initiates-buy-call-with-rs-390-target-price","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-shares-jump-5-after-jefferies-initiates-buy-call-with-rs-390-target-price\/","title":{"rendered":"ONGC shares jump 5% after Jefferies initiates buy call with Rs 390 target price"},"content":{"rendered":"<p>Shares of Oil and Natural Gas Corporation Ltd (ONGC) jumped 5% today to Rs 278.20 on BSE after global brokerage firm Jefferies initiated a buy call on the PSU stock for a target price of Rs 390.<\/p>\n<p>While noting that the reforms in crude and gas pricing have improved the company&#8217;s profitability above past decade averages, Jefferies expects strong free cash flow generation and consolidated net debt reduction on profitable production growth over FY 24-26.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Oil and Natural Gas Corporation Ltd (ONGC) jumped 5% today to Rs 278.20 on BSE after global brokerage firm Jefferies initiated a buy call on the PSU stock for a target price of Rs 390. While noting that the reforms in crude and gas pricing have improved the company&#8217;s profitability above past decade averages, Jefferies expects strong free cash flow generation and consolidated net debt reduction on profitable production growth over FY 24-26.<\/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-641515","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\/641515","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=641515"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/641515\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=641515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=641515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=641515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}