Oil & Gas Stocks: If you invest in good companies of the oil and gas sector, you can earn up to 39 percent better profits.
Stock Tips: Oil and gas stocks are seeing a rise since the start of the war between Russia and Ukraine. On Friday, Indian Basket’s crude oil reached a ten-year record price of $ 121.28 (Rs 9481.40) per barrel on Friday. Energy prices are also increasing rapidly due to the increase in crude prices. Due to this the growth outlook of oil and gas companies has improved. In such a situation, if you invest in good companies of this sector, then better profits can be earned. The domestic brokerage firm has selected five such stocks including ONGC and Castrol in this sector, in which up to 39 per cent return on investment can be cut.
Stock Tips: This hospital chain stock will earn 44%, make such a strategy for investment
Experts recommended these stocks and target price
ONGC
Stock Price- Rs 164.60
Target Price – Rs 213
Upside Target – 29%
Castrol
Stock Price- Rs 104.90
Target Price – Rs 146
Upside Target – 39%
GAIL (GAIL)
Stock Price- Rs 149.00
Target price- Rs 205
Upside Target – 38%
Oil India Limited
Stock Price- Rs 300.15
Target Price – Rs 367
Upside Target – 22%
Mahanagar Gas
Stock Price- Rs 765.05
Target Price- Rs 1000
Upside Target – 31%
(Note: Stock Price/Current Price is Friday 10th June closing price on BSE.)
There is a possibility of further increase in crude oil
Brent crude for August futures fell slightly to $ 122.72 (Rs 9593.98) per barrel on Friday. Earlier this week, Goldman Sox had estimated that Brent crude could reach $140 (Rs 10944.89) per barrel in July-September and then $130 (Rs 10163.11) in the December 2022 quarter. .
Petrol and diesel prices may catch fire again, crude oil prices at a record high of 10 years
(The stock recommendations given in the story are those of the respective research analyst and brokerage firm. Financial Express Online takes no responsibility for the same. Investments in capital markets are subject to risks. Please consult your advisor before investing.)
