ONGC reported a 19% YoY decline in Q3FY25 net profit at ₹8,622 crore, missing estimates. Revenue fell marginally by 0.75% to ₹1,66,097 crore. Despite lower earnings, CLSA maintained an ‘Outperform’ rating with a ₹360 target, citing strong oil and gas sales. ONGC shares rose 2.3% but remained down 21.48% in six months.
Dalal Street Week Ahead: Sideways consolidation likely to persist amid global trade uncertainty
The Nifty experienced a week of range-bound trading, closing slightly lower with a 0.53% loss. Facing resistance near the upper edge of a rising channel,