scorecardresearchNomura downgrades ONGC to ‘reduce’ after profit falls 30% due to windfall tax

Nomura downgrades ONGC to ‘reduce’ after profit falls 30% due to windfall tax

Updated: 17 Nov 2022, 05:25 PM IST
TL;DR.
Nomura has also cited “unfavourable government policies” along with weak production and operational track record as key reasons for its downgrade.
Nomura has also cited what it calls unfavourable government policies along with weak production and operational track record as key reasons for its downgrade.

Nomura has also cited what it calls unfavourable government policies along with weak production and operational track record as key reasons for its downgrade.