Prabhudas Lilladher sees oil price rebound to $75-80/bbl, upgrades ONGC and OIL ratings to 'buy'
Prabhudas Lilladher upgraded ONGC and OIL amid a projected recovery in oil prices to $75-80 per barrel. They expect improved gas realization and production growth, with ONGC's oil production CAGR at 3.4 per cent and OINL's at 8 per cent through FY26.
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