ONGC - 4QFY2013 Result Preview - Angel Broking

ONGC is slated to announce its 4QFY2013 results today. We expect the company's top line to increase by 5.9% yoy to Rs. 19,938cr. On the operating front, EBITDA margin is expected to contract by 1942bp yoy to 42.1%. The bottom line is expected to decrease by 26.1% yoy to Rs. 4,172cr.

We maintain our Accumulate view on the stock with a target price of Rs. 354.

Source : Equity Bulls

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