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Ongc Stock Forecast Future Price Performance

Ongc Stock Forecast Future Price Performance

Importance of ONGC

The Indian economy is growing due to big companies like ONGC. It is an important business organization that contributes to 72% of the total production of crude oil and about 48% of the production of gas in India. One of the leading companies in terms of capitalization, ONGC is the highest profit-making public sector company. Out of the seven productive basins in India, 6 basins have been opened by ONGC. ONGC was ranked 357th in the list of Fortune Global 500 companies in 2012. It is one of the top 10 profit-making public sector undertakings in the country. So will your business also reach new heights this year? Buy the 2017 Business Report to know the answer.

To know the future of ONGC shares, Ganesha has done an astrological analysis which is as follows:

Launch date: July 19, 1995
Time: 9.55 am
Location: Mumbai, Maharashtra, India

Surya Kundli

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Astrological Analysis:

ONGC may face a tax hike

In ONGC’s staging chart, Saturn and Moon are placed in the eighth house. As a result, the company will always face challenges when it comes to policies related to speculative activities, stock market, capital gains and charity. There is also a possibility that in the coming months, the government may impose some restrictions in the form of increasing taxes, which may reduce the profits of the company. This can have a detrimental effect on the performance of the company. However, the positive point for ONGC is that Mercury is the lord of finances in the house of profit in his horoscope. Which gives a somewhat different dimension to the prospects of ONGC. Therefore, ONGC is unlikely to see a major disruption due to government policies. So do you also want to know about your financial status in this way? So get the 2017 Finance Report, absolutely free.

Important timings for ONGC Stock

ONGC stock may perform better than Reliance but it is not a very good stock.
The sales ratio will be higher than the purchase ratio in the coming months. This reflects the future trend of ONGC stock.
– The soft side of this stock will be seen from August 2017 to the second week of October 2017.
There is also a possibility that the stock of ONGC may move positively in the months of November, December and January. Thus, this three-month period could be better for ONGC shares.

With the blessings of Ganeshji,
Dharmesh Joshi

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