Kotak Raises FY27 Oil Price Forecast, Recommends Buy on ONGC and Sell on Oil India
Kotak Institutional Equities has raised its FY27 crude oil price forecast to $90 per barrel, up from $85, amid ongoing supply disruptions in the Strait of Hormuz. The brokerage maintains a 'Buy' rating on ONGC, citing its stronger production outlook, Western Offshore partnership, and rising gas contributions. Conversely, it retains a 'Sell' rating on Oil India due to a less favorable production trajectory and reduced earnings estimates for FY28 and FY29. Brent crude prices are expected to ease in the latter half of FY27 if supply normalizes.
First-hand measurement across 2 sources
We measured how 2 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (58/100). Lens Score 40/100.
Outlets measured: thefinancialexpress, mint. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (50–65/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
mint broke this story on 2 Oct, 04:45 am. Other outlets followed.
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