Some notes based on an equity research report from one of the leading stock broker about ONGC and stock price target for one year time period. ONGC has reported 3QFY12 PAT of Rs.6740 crore, which includes a onetime gain of Rs.3140 crore from Cairn India as royalty disbursement. Net realization for ONGC on domestic oil production has been at USD 45/barrel. Upstream share of subsidy for 9...

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