How are shares of ONGC, Oil India, GAIL, IGL, MGL likely to react post APM Gas price hike

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Brokerage firm Jefferies, in a note last Friday, had mentioned that the reforms in gas and crude pricing could support ONGC’s Earnings Per Share (EPS) to grow at a Compounded Annual Growth Rate (CAGR) of 14% over financial year 2025-2027.

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