ONGC shares rise 2% despite 18% drop in Q2 profit. Check target price by Nomura, Goldman Sachs
Shares of state-owned Oil and Natural Gas Corporation gained as much as 2.5%to their day’s high of Rs 255 on Wednesday, November 12, even as the company reported a sharp decline in net profit for the quarter ended September 30. ONGC reported an 18% year-on-year (YoY) decline in quarterly profit to Rs 9,848 crore due…