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Broker call● Neutral for ONGC
Buy ONGC, Sell Oil India| Kotak raises FY27 oil price assumption to $90
The brief
- Kotak maintains a BUY on ONGC at a fair value of ₹355 and a SELL on Oil India at ₹360
- Kotak raised its FY27 oil price assumption to $90
- Kotak’s calls diverge: positive for ONGC, negative for Oil India