Buy ONGC, target price Rs 330: Motilal Oswal Financial Services

Motilal Oswal Financial Services has issued a buy call for Oil and Natural Gas Corporation (ONGC) stock, projecting a target price of Rs 330. This represents a potential 29% upside from the current market price of Rs 250.9. The brokerage cites ONGC's projected production growth and attractive valuation as reasons for the buy rating.