Category: STUDY PURPOSE

Call Given on 09.02.2021 .In Intraday 19.02.2021 Touched a High of 113.40 .

For Short Term ONGC CMP : 99.80 , Stop Loss : 93.30 ,Target : 105 to 115 Possible in 1 week Based on Upcoming News .

During pre-independence, the Assam Oil Company in the North-Eastern and Attock Oil company in North-Western part of undivided India were the only oil companies producing oil in the country. The major part of Indian sedimentary basins was deemed to be unfit for development of oil and gas resources.

After independence, the Government realized the importance of oil and gas for rapid industrial development and its strategic role in defence. Consequently, while framing the Industrial Policy Statement of 1948, the development of the hydrocarbon industry in the country was considered to be of utmost necessity.

Until 1955, private oil companies mainly carried out exploration of hydrocarbon resources of India. Assam Oil Company was producing oil at Digboi, Assam (discovered in 1889) and the Oil India Ltd. (a 50% joint venture between Government of India and Burmah Oil Company) was engaged in developing two fields Naharkatiya and Moran in Assam. In West Bengal, the Indo-Stanvac Petroleum project (a joint venture between Government of India and Standard Vacuum Oil Company of USA) was engaged in exploration work. The vast sedimentary tract in other parts of India and adjoining offshore remained largely unexplored.

In 1955, Government of India decided to develop the oil and natural gas resources in the various regions of the country as part of Public Sector development. With this objective, an Oil and Natural Gas Directorate was set up in 1955 under the then Ministry of Natural Resources and Scientific Research. The department was constituted with a nucleus of geoscientists from the Geological survey of India.

A delegation under the leadership of Mr. K D Malviya, the then Minister of Natural Resources, visited several countries to study the oil industry and to facilitate the training of Indian professionals for exploring potential oil and gas reserves. Foreign experts from USA, West Germany, Romania and erstwhile USSR visited India and helped the government with their expertise. Finally, the visiting Soviet experts drew up a detailed plan for geological and geophysical surveys and drilling operations to be carried out in the 2ndFive Year Plan (1956-57 to 1960-61).

In April 1956, the Government of India adopted the Industrial Policy Resolution, which placed mineral oil industry amongst the Schedule ‘A’ industries, the future development of which was to be the sole and exclusive responsibility of the state.

Soon, after the formation of the Oil and Natural Gas Directorate, it became apparent that it would not be possible for the Directorate with limited financial and administrative powers to function efficiently. So in August, 1956, the Directorate was raised to the status of a commission with enhanced powers, although it continued to be under the government. In October 1959, the Commission was converted into a statutory body by an act of Parliament, which enhanced powers of the commission further. The main functions of the Oil and Natural Gas Commission subject to the provisions of the Act, were “to plan, promote, organize and implement programmes for development of Petroleum Resources and the production and sale of petroleum and petroleum products produced by it, and to perform such other functions as the Central Government may, from time to time, assign to it”. The act further outlined the activities and steps to be taken by ONGC in fulfilling its mandate.

Since its inception, ONGC has been instrumental in transforming the country’s limited upstream sector into a large viable playing field, with its activities spread throughout India and significantly in overseas territories. In the inland areas, ONGC not only found new resources in Assam but also established new oil province in Cambay basin (Gujarat), while adding new petroliferous areas in the Assam-Arakan Fold Belt and East coast basins (both inland and offshore).

ONGC went offshore in early 70’s and discovered a giant oil field in the form of Bombay High, now known as Mumbai High. This discovery, along with subsequent discoveries of huge oil and gas fields in Western offshore changed the oil scenario of the country. Subsequently, over 5 billion tonnes of hydrocarbons, which were present in the country, were discovered. The most important contribution of ONGC, however, is its self-reliance and development of core competence in E&P activities at a globally competitive level.

The liberalized economic policy, adopted by the Government of India in July 1991, sought to deregulate and de-license the core sectors (including petroleum sector) with partial disinvestments of government equity in Public Sector Undertakings and other measures. As a consequence thereof, ONGC was re-organized as a limited Company under the Company’s Act, 1956 in February 1994.

After the conversion of business of the erstwhile Oil & Natural Gas Commission to that of Oil & Natural Gas Corporation Limited in 1993, the Government disinvested 2 per cent of its shares through competitive bidding. Subsequently, ONGC expanded its equity by another 2 per cent by offering shares to its employees.

During March 1999, ONGC, Indian Oil Corporation (IOC) – a downstream giant and Gas Authority of India Limited (GAIL) – the only gas marketing company, agreed to have cross holding in each other’s stock. This paved the way for long-term strategic alliances both for the domestic and overseas business opportunities in the energy value chain, amongst themselves.

In the year 2002-03, after taking over MRPL from the A V Birla Group, ONGC diversified into the downstream sector. ONGC has also entered the global field through its subsidiary, ONGC Videsh Ltd. (OVL). ONGC has made major investments in Vietnam, Sakhalin, Columbia, Venezuela, Sudan, etc. and earned its first hydrocarbon overseas revenue from its investment in Vietnam.

Maharatna ONGC is the largest crude oil and natural gas Company in India, contributing around 75 per cent to Indian domestic production.

ONGC’s quest for energy goes deeper than setting new benchmarks in deep-water drilling in the Krishna Godavari Basin or finding new frontiers of energy. Global decline in crude prices notwithstanding, we have taken significant investment decisions diligently and aggressively, reversing the production trend in offshore. And now we are venturing into deeper offshore plays in our quest for energy security. It is this journey that has placed us among Fortune “World’s Most Admired Companies”.

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk.

About The Company:

Abbott India Ltd is one of the largest MNC pharma companies operating in India. It is a subsidiary of Abbott Laboratories of USA. Abbott Laboratories held 75% stake in Abbott India as on 31 March 2018. The company is engaged in the discovery development manufacture and marketing of pharmaceutical diagnostic nutritional and hospital products. They are having their presence in both OTC drugs and formulations. Their manufacturing facilities are located at Verna in Goa. The company’s global products include Brufen Prothiaden Thyronorm and Leptos.The company has four divisions. The Primary Care division markets products in the areas of pain management and gastroenterology. The Specialty Care-Methabolics and Urology division provides solutions in the areas of thyroid obesity diabetes and benign prostatic hyperplasia. The Specialty Care-Neuroscience division has a varied portfolio with specialty products in neurology and psychiatric segments. Hospital Care offers products in the field of anesthesiology and neonatology such as Forane Sevorane and Survanta.Abbott India Ltd was originally incorporated on August 22 1944 as Boots Pure Drug Company (India) Ltd. The company name was changed to The Boots Company (India) Ltd on November 1 1971 thereafter to Boots Pharmaceuticals Ltd on January 1 1991. In October 31 1995 the name was changed to Knoll Pharmaceuticals Ltd and in July 1 2002 they got their present name Abbott India Ltd. In the year 2002 the company sold their Jejuri Undertakings together with assets and liabilities as a going concern. In the year 2003 the company’s wholly owned subsidiary company Lenbrook Pharmaceuticals Ltd was amalgamated with the company.In the year 2004 the company started the production of Capsules with the capacity of 27 Millions Nos. In the year 2005 they further increased the capacity to 56 Million Nos. Also they started a new project of producing Nutritional Products with the installed capacity of 600 Tonnes. In the year 2006 the company increased the production capacity of Tablets by 236 Million Nos to 686 Million Nos. In the year 2008 they further increased the production capacity of Tablets by 769 million Nos to 1455 million Nos. They launched Digene Total buffered pantoprazole tablet for quick and sustained antacid action and Brugel a novel formulation for sprains and strains. Also they launched Thyronorm 150 Digene Sugar Free Tablet and Gel during the year.The Buy-Back Committee of the Board of Directors of Abbott India at its meeting held on 9 July 2008 approved buy-back of 7.97 lakh fully paid-up equity shares of the company via the tender offer method at a price of Rs 630 per share. The Board of Directors of Abbott India Ltd. and Solvay Pharma India Ltd. at their respective meetings held on 24 November 2010 unanimously approved the draft scheme for the amalgamation of Solvay Pharma India into Abbott India under sections 391 to 394 of the Companies Act 1956. The swap ratio for the merger recommended is 2:3. In other words every two shares of the Solvay Pharma India Ltd. will entitle their holder to three shares of Abbott India Ltd. On 17 May 2011 Abbott Capital India Limited sold 2.24 lakh shares out of its total holding of 94.28 lakh shares in Abbott India Limited by way of an on market transaction. As a consequence the promoter shareholding in Abbott India Limited after the merger of Solvay Pharma India Limited into Abbott India Limited will be 74.98%. Therefore the listing of shares issued pursuant to the share exchange ratio in the merger will not result in the public shareholding in Abbott India Limited falling below 25% as required under Clause 40A of the Listing Agreement. On 7 September 2011 Abbott India completed the allotment of 75.74 lakh equity shares to the shareholders of Solvay Pharma India Ltd in the ratio of 2:3 in terms of the Scheme of Amalgamation of Solvay Pharma India Ltd with Abbott India. The Board of Directors of Abbott India at its meeting held on 3 June 2013 decided to defer the proposal received by the company for the sale and transfer of or other appropriate restructuring of the proprietary pharmaceuticals division (PPD) of the company.

Products of Company :

Abbott in India develops and distributes over 600 products for healthcare professionals that promote health and well-being for Indians in all stages of life. Search by all products, business area or pharmaceutical therapy area below.

In total pharmaceutical business covers 90 per cent of therapies in India their goals are to increase the depth and breadth of the medicines They offer in these areas, ensure broader reach to people in India and continue to launch improved medicines that make it better or easier for people to get healthy.

• ARACHITOL NANO Drops 15ml
• Cremaffin Mint Syrup
• Digene Mix Fruit Oral Gel
• Digene Oral Gel Mint
• Digene Oral Gel Orange
• Digene Tablet
• Digene Tablet Mint
• Duphalac Fiber 2.5gm Syrup
• Fabolite Powder
• Freestyle Optium H Strip
• Glucerna Sr Powder
• Influvac Junior Vaccine 0.25ml
• LIBRAX TAB 15`S
• LOLEPT Granules 5gm
• MIXTARD 30 HM PENFILL
• MIXTARD 50 HM PENFIL
• NEFOSAR INJ 1ML
• Pediasure Chocolate
• Pediasure Refill Pack Vanilla
• Pediasure Vanilla
• PHENSEDYL DM
• PROTHIADEN 25 MG TABLET
• PROTHIADEN 50MG
• PROTHIADEN M 50 TABLET
• PROTHIADEN M TABLET
• Quiet Syrup 100ml
• Rejoint Tablet
• Rockbon D Tablet
• Ryzodeg Flex Touch Pen 100IU 1X3ml
• Ryzodeg Penfill 100IU Cartridge 1X3ml
• Selsun Shampoo
• Simmom Powder Chocolate
• Simmom Powder Vanilla
• SURVANTA 4ML INJ
• Toothmin Toothpaste

My Analysis:  Abbott India Now Trading at Low Valuations Below 200 DMA at 14,300. Which is Best Time To Invest for Short Term as Well as Long Term .So its best time to invest in Such a Huge Potential Stock.

 Expected Targets for Short Term as 16,500 below one Year.

For Short Term Stop loss at 12,800 Weekly Closing Basis .

Long Term Target of Rs.20500 – 22,800/- in 3- 5 Years of Time Frame .

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk.