Expensive valuations? Half of Nifty50 stocks trade at discount to historical averages

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In the case of ONGC, the average target based on 23 analyst recommendations stands at Rs 173.71, suggesting a 33 per cent potential upside. Emkay Global, which sees ONGC at Rs 190 against Wednesday’s Rs 131-odd levels, has kept ONGC’s estimates unchanged for FY23 and beyond amid windfall taxes

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