JM Financial upgrades PSU oil stock amid rising crude

18 May 2026via financialexpress.comSource

English हिंदी తెలుగు தமிழ்ಕನ್ನಡ मराठी বাংলা ગુજરાતી

JM Financial raises target for ONGC amid surging crude prices. The brokerage cites strong exploration potential and government backing as key drivers. ONGC is seen as a key beneficiary of higher crude, with $75/barrel boosting upstream revenues. Valuation remains attractive at 8x P/E despite recent rally.

📊 STOCKS: ONGC | 🏢 SECTOR: Energy | #MEDIUMIMPACT #BrokerCall

#BrokerCall#Oil#PSU

Stocks mentioned

ONGCOil and Natural Gas Corporation Limited

⚠️ This brief is AI-generated from public news sources for informational purposes only. Not investment advice. Always consult a SEBI-registered advisor before trading.

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