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.
Groww’s Ishan Bansal sees structural shift in derivatives participation post regulatory changes
Derivatives business faces a structural reset post FY25 regulatory changes, with growth now driven by a smaller but stable customer base, increased market volatility, and