Motilal Oswal Recommends 3 Best Stocks To Buy From Oil & Gas Sector, Return 37%

Motilal Oswal has recommended 3 best stocks from Oil & Gas sector for 37% return. These stocks are Oil and Natural Gas Corporation Ltd (ONGC), Gujarat Gas, and GAIL (India Ltd). If you buy ONGC today, you will get 37% return. If you invest in GAIL (India) Ltd, you can get 23% return. An investment in Gujarat Gas at the current market price of Rs 491 will give you a return of 19%. Check key details below pertaining to the 3 stocks:

1. Buy Oil and Natural Gas Corporation Ltd

The current market price of ONGC is Rs 140 apiece. Motilal Oswal has recommended investors to buy ONGC with a target price of Rs 192 apiece to get a return of 37%. ONGC has a market capitalisation of Rs 1,76,815.82.

The Maharatna company operates in Gas & Petroleum sector. The stock has fallen 22% in last 5-years, gained 7% in last 3-years, and declined 9% in last 1-year. The stock has gained nearly 8% in last 1-month.

ONGC has a unique distinction of being a company with in-house service capabilities in all areas of Exploration and Production of oil & gas and related oil-field services.

Winner of the Best Employer award, this public sector enterprise has a dedicated team of around 27,000 professionals who toil round the clock in challenging locations. Maharatna ONGC is the largest crude oil and natural gas Company in India, contributing around 71 per cent to Indian domestic production, according to its official website. 

2. Buy GAIL (India) Ltd

The current market price of the Maharatna stock is Rs 93 apiece with an intraday gain of 1.19%. The analyst has assigned buy call to GAIL with a target price of Rs 114 apiece. Buy GAIL (India) Ltd with a target price of Rs 114 and a potential return of 23%. The company has a market capitalisation of 61,279.93 crore.

The stock has given a return of 15% in last 3-years and declined 21% in last 5-years. It has gained 5% in last 3-months.

GAIL (India) Limited is India's leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG re-gasification, petrochemicals, city gas, E&P, etc. It owns and operates a network of around 14,488 km of natural gas pipelines spread across the length and breadth of country. It is also working concurrently on execution of multiple pipeline projects to further enhance the spread, according to its official website.

3. Buy Gujarat Gas Ltd

The current market price of the stock is Rs 491 apiece with an intraday decline of 0.58%. Motilal Oswal has suggested investors to buy Gujarat Gas with a target price of Rs 585 apiece and a potential return of 19%. The company has a market capitalisation of Rs 33,848.14 crore.

The stock has given multibagger returns in last 5 years at 190% and 157% in last 3-years. The shares have fallen 26% in last 1-year.

Gujarat Gas Limited (GGL) is India's largest City Gas Distribution (CGD) Company in terms of sales volume operating in 44 districts in 6 states of Gujarat, Maharashtra, Rajasthan, Haryana, Punjab & Madhya Pradesh and 1 Union territory of Dadra & Nagar Haveli.

 

 

Disclaimer

The stocks have been picked from the brokerage report of Motilal Oswal. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.