{"id":54301,"date":"2022-07-20T14:20:00","date_gmt":"2022-07-20T08:50:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=54301"},"modified":"2022-07-20T14:16:25","modified_gmt":"2022-07-20T08:46:25","slug":"analysts-give-a-buy-call-to-reliance-and-ongc-check-the-targets","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/analysts-give-a-buy-call-to-reliance-and-ongc-check-the-targets\/","title":{"rendered":"Analysts give a BUY call to Reliance and ONGC; Check the targets"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4184544610\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Following a decline in international rates, the government on Wednesday slashed the windfall tax on petrol diesel, jet fuel and crude oil.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3429047850\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>According to the notifications released by the finance ministry, the government has slashed a \u20b96 per litre tax on the export of petrol. The tax on diesel has been reduced from \u20b913 per litre to \u20b9 11 and on ATF from \u20b96 per litre to \u20b9 4 per litre. In addition, the \u20b9 23,250 per tonne additional tax on crude oil produced domestically has been cut to \u20b9 17,000 per tonne.<\/p><p>Earlier, when the government had slapped this windfall tax on oil exporters, the shares of companies like Reliance Industries Limited and ONGC had plummeted. However, the shares of these companies climbed 4% and 7% respectively on Wednesday\u2019s early trades.<\/p><p>\u201cThe relief announced by the government for the petroleum sector through reduction in windfall tax and cuts in duties on exports will be a major boost for the sector, particularly for RIL,&#8221; said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.<\/p><div class=\"trade-content_5\" id=\"trade-2121097508\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h4 class=\"wp-block-heading\" id=\"h-reliance-industries-limited\"><strong>Reliance Industries Limited<\/strong><\/h4><p>The shares of the Sensex heavyweight are trading at \u20b9 2508.70 apiece and are up 2.93% as of 12:35 PM on Wednesday. They have crossed the \u20b9 2500 mark and brokerages are bullish on their shares.<\/p><p>Emkay Global has a buy call on the shares of Reliance Industries with a target price of \u20b9 2800 per share. This translates to an upside of 11.61%. The time period given by the analyst is one year when the company\u2019s shares can reach the defined target.<\/p><h4 class=\"wp-block-heading\"><strong>Oil &amp; Natural Gas Corporation Limited (ONGC)<\/strong><\/h4><p>The shares of ONGC surged 7% on Monday\u2019s early trades. They are currently trading at \u20b9 133.70 apiece. Emkay Global has a buy call on the shares with a target price of \u20b9 185 apiece, achievable in one year. This translates to an upside of 38.37%.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By Simran Bafna<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1729909923\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Following a decline in international rates, the government on Wednesday slashed the windfall tax on petrol diesel, jet fuel and crude oil.&nbsp; According to the notifications released by the finance ministry, the government has slashed a \u20b96 per litre tax on the export of petrol. The tax on diesel has been reduced from \u20b913 per [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":14198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[2843,4400,63,872,4398,4399,948,936,4202,3040,3157,3483,2746,3227,3716,2597,2599],"class_list":["post-54301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-multibagger-stocks-india","tag-ongc-targets","tag-reliance-industries","tag-reliance-share-price","tag-reliance-share-price-targets","tag-reliance-targets","tag-stock-market","tag-stock-market-news","tag-stock-recommendation","tag-stock-recommendations","tag-stock-to-watch","tag-stocks-at-52-week-low","tag-stocks-to-buy","tag-stocks-to-buy-in-2022","tag-stocks-to-buy-long-term","tag-stocks-to-watch","tag-stocks-to-watch-in-2022"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Analysts give a BUY call to Reliance and ONGC; Check the targets - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/analysts-give-a-buy-call-to-reliance-and-ongc-check-the-targets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Analysts give a BUY call to Reliance and ONGC; Check the targets\" \/>\n<meta property=\"og:description\" content=\"Following a decline in international rates, the government on Wednesday slashed the windfall tax on petrol diesel, jet fuel and crude oil.&nbsp; According to the notifications released by the finance ministry, the government has slashed a \u20b96 per litre tax on the export of petrol. 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