ONGC specialises in the exploration and production of crude oil and gas. The company has joint ventures in oil fields in Vietnam, Norway, Egypt, Tunisia, Iran and Australia. Standalone revenue from operations fell 3.1% YoY to Rs. 33,717cr in Q3FY25, owing to a fall in oil price. ONGC has set oil andGas production targets of 42.44 MMToE for FY25, 44.51 MMToe for FY26 and 45.61 MMToEs for FY27. We reiterate our BUY rating on the stock with a rolled-forward target price of Rs. 261 based on the SOTP valuation. The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Money control.com advises users to check with certified experts before taking any investment decisions. For all recommendations report, click here Related stories Buy Jyothy Labs; target of Rs 395: Geojit Financial Services Reduce IndusInd Bank; target. of Rs 850: ICICI Securities Buy Tata Communication;target of Rs 1840: IC ICI Securities