Author: Motilal Oswal Financial Services

ONGC Q3 Results Review – Write-Offs Lead To Lower Than Expected Performance: Motilal Oswal

Finances

[ad_1] Oil and Pure Gasoline Company Ltd. reported Ebitda stood at Rs 171.6 billion (-16% YoY), 4% beneath our estimate, primarily attributable to higher-than-expected exploratory nicely write-offs in Q3 FY24. revenue after tax was 4% larger than our estimate, primarily aided by larger different revenue and a lower-than-expected tax fee. The administration has guided for a 5% compound annual development fee in general manufacturing over the subsequent three years, primarily pushed by KG 98/2 and Daman upside improvement. Gasoline manufacturing from the KG 98/2 asset, which can start in Q3 FY25, is anticipated to ramp as much as 10 million…

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Market Makes A Smart Comeback In November; Midcaps, Smallcaps Outperform Largecaps: Motilal Oswal

Finances

[ad_1] Fairness markets have been justifiably anxious concerning the end result of state polls and what it portends for the 2024 common elections. With the end result overwhelmingly in favor of the incumbent BJP, the boldness of the market within the present dispensation and political continuity publish 2024 Lok Sabha elections will get a lift. This augurs effectively for macro and coverage momentum for India, which, in the mean time, is seeing the best progress amongst main economies (each GDP in addition to company earnings). Nifty is buying and selling at a 12-month ahead worth/incomes ratio of 18.4 instances, which…

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