BusinessKotak Upgrades ONGC to Buy, Downgrades Oil India to Sell
Kotak Institutional Equities has upgraded its rating on ONGC to BUY with a revised fair value of ₹355. It has downgraded Oil India to SELL at ₹360, citing ONGC's better production outlook and favorable upstream pricing policies amid resilient global oil markets. Kotak also raised its FY27 oil price assumption to $90 per barrel.
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