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Motilal Oswal sets ONGC target at Rs 285

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GreyOak summary

Motilal Oswal reiterated a BUY rating for ONGC with a target price of Rs 285. The report noted ONGC's Q2FY27 revenue matched estimates while EBITDAX exceeded expectations. Valuations are deemed inexpensive, modeling a 1% annual volume decline.

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