7/1/2025, 10:18:03 am

ONGC is a 'high conviction' stock for CLSA as it sees a 42% upside

CLSA has reiterated its bullish outlook on ONGC, upgrading the stock to a "high-conviction outperform." CLSA has set a price target of ₹360 per share, indicating a potential upside of nearly 42% from ONGC's closing price on Monday. As many as 20 out of the 30 analysts covering the company have a 'Buy' rating on the stock, five suggest a 'hold' and five have a 'sell' rating, according to Bloomberg.