BusinessPhoto: Mint MarketsElara Capital Recommends Buying ONGC Amid Oil Price Volatility
Elara Capital has recommended buying shares of Oil and Natural Gas Corporation Limited (ONGC), citing opportunities amid crude oil price volatility due to the US-Iran conflict. The firm set a target price of ₹320 per share, indicating a 38% upside. Key factors include a strong gas portfolio, BP-led recovery projects, and government-backed exploration. Risks include crude prices dropping below $70/bbl and production challenges.
Mint Markets·



