ONGC.NSE Oil & Natural Gas Corporation Ltd.
7,865
273.50
8.60
(3.05%)
| Watchers | 7,865 |
| 52-Wk Low | 150.05 |
| 52-Wk High | 300.00 |
| Market Cap | 3.44T |
| Volume | 13.18M |
| 52-Wk High | 300.00 |
| 52-Wk Low | 150.05 |
Chartist Talks | Nifty 50 to stay under pressure, it's time to gather IT blue chips, says Milan VaishnavMoneycontrol • 19 days ago
Milan Vaishnav sees Nifty Bank improving its relative performance against Nifty.
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BSE Oil & Gas index has been one of the top performing indices in 2024, up by more than 22 percent on year to date basis. BSE Oil & Gas index has displayed one of the best outperformance over BSE Sensex in a six-month period since November 2023.
According to Jefferies, the ONGC stock is trading at a steeper discount to the benchmark Nifty compared to its long-term average
The latest hike in windfall tax marks the fifth such increase since February. The move by the Indian government comes as global oil prices continue to rise amid concerns over potential disruptions in supply due to escalating geopolitical tensions.
The six PSUs in separate filings said they have been slapped with a fine of ₹5,42,800 each for the third quarter.
According to the report, Indian upstream stocks like ONGC and Oil India have "proven to be strong value plays in recent months" with both ONGC and Oil India trading higher as a result of robust production growth guidance.
ONCG merger: The rationale behind this amalgamation is to mitigate administrative costs, estimated at approximately $0.24 million per year (equivalent to ₹2 crore per year), primarily attributed to accounting and audit, statutory payments, and taxes.
The approval was granted on February 19, and is subject to approval of the competent court of Cyprus, where IEL and its step-down subsidiaries are registered.
After the sustained run in these stocks, analysts have been cautioning investors. While a section of the market continues to believe the re-rating in state-owned companies as a whole was very much warranted, some have turned skeptical.
Stateowned Oil and Natural Gas Corporation (ONGC) on Sunday reported 14 per cent drop in net profit for the third quarter ended December 31 as oil and gas prices fell.