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Prabhudas Lilladher Recommends Accumulate on ONGC with ₹297 Target
Brokerage sets ₹297 target on ONGC with accumulate rating.
Brokerage firm Prabhudas Lilladher has maintained an accumulate rating on ONGC with a target price of ₹297, citing stable crude production outlook and supportive global energy demand trends. Analysts expect earnings resilience driven by favorable pricing dynamics and ongoing operational efficiency measures. The brokerage believes improving realizations and disciplined capital expenditure could strengthen cash flows and enhance shareholder returns in the coming quarters.