Stock market analyst Ashwani Gujral is of the view that investors can buy ONGC with medium term target of Rs 1400.

According to analyst, the interested investors can buy the stock at Rs 1250.

Today, the shares of the company opened at Rs 1286 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1346 and a low of Rs 976 on BSE.

Current EPS & P/E ratio stood at 78.39 and 16.53 respectively.

ONGC and its associates said that they will ink contracts for 17 oil and gas blocks it bagged in the most recent round of Nelp bid.

Out of the 70 blocks provided in Nelp-VIII, around 36 attracted biddings from interested firms.

ONGC and its associates bid for 25 blocks and bagged 17.

Mauritius has called Oil and Natural Gas Corp. Ltd (ONGC) to establish a refinery in a JV with Mauritius' State Trading Corporation (STC).

Mauritius doesn't have own refining capability and acquires petroleum products from ONGC's arm Mangalore Refinery and Petrochemicals Ltd (MRPL).

Showkuttaly Soodhun, Mauritius commerce and industries minister, broadened the invitation at the signing of a 3-year Rs 9,340 crore petroleum product sourcing deal between MRPL and STC.