Oil and gas stocks to buy: ONGC vs Oil India shares - Kotak Securities raises FY27 forecast to $100; know preferred pick

Kotak raised its FY27 crude assumption to $100 per barrel amid supply risks and lifted earnings estimates for ONGC and Oil India. ONGC remains its preferred stock, with a 57% implied upside to its ₹360 fair value; Oil India’s ₹365 fair value implies about 20% downside.