ONGC Q1 preview: ₹220 support key for potential rebound
ONGC is expected to post Q1 net profit of ₹7,558.9 crore, down 15% QoQ, on weaker crude realisations and volumes. Analyst Rohit Mehta sees ₹220 as crucial support for a bounce toward ₹257.6; a breakdown could trigger more downside. Stock trades at 0.86x book with a 5.25% dividend yield.