GENERAL2 Oct 2026
Buy ONGC, Sell Oil India| Kotak raises FY27 oil price assumption to $90 | Stock Market News
Kotak Institutional Equities has kept a BUY on ONGC with a fair value of ₹355, and a SELL on Oil India at ₹360. It raised its FY27 (financial year 2027) crude price assumption to $90 a barrel from $85. ONGC looks better placed, helped by new gas fields and a BP tie-up covering most Western Offshore output. Treat this as research, not a personal signal.
Key Statutory Highlights
- Kotak Institutional Equities kept a BUY on ONGC with a revised fair value of ₹355, and a SELL on Oil India at ₹360.
- Kotak raised its FY27 crude oil price assumption to $90 per barrel from $85, while retaining its FY28 and long-term assumption at $75 per barrel.
- Kotak expects ONGC's technical service provider agreement with BP for its Western Offshore assets to broadly hold production flat over the next decade.
Actionable Advice for Taxpayers / Founders:If you hold ONGC or Oil India shares, treat this as one brokerage's view only and speak to a certified adviser before buying or selling.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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