ONGC Stock Target Skyrockets Amid Windfall Tax Obligation Uncertainty
Mumbai– CLSA has actually substantially raised its target price for ONGC supply to 415, pointing out the supply’s undervaluation about existing petroleum costs, predicting a 60 % advantage.
- Target Cost: Raised to 415 per share.
- Rationale: Supply cost mirrors $ 63/ barrel crude, while existing prices are around $ 100
- Assumptions: Price target based on $ 89 crude in 2027 and $ 82 in 2028
- Danger: War resolution could revoke price forecasts.
- Financier View: Uncertainty surrounding future windfall taxes and geopolitical events are impacting capitalist self-confidence. The brokerage’s overview hinges on sustained high crude rates in the coming years.
