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ONGC trades jubilantly on eying overseas corporate acquisitions

04 May 2015 Evaluate

Oil & Natural Gas Corporation (ONGC) is currently trading at Rs. 322.00, up by 17.40 points or 5.71% from its previous closing of Rs. 304.60 on the BSE.

The scrip opened at Rs. 307.00 and has touched a high and low of Rs. 322.25 and Rs. 307.00 respectively. So far 346131 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 472.00 on 09-Jun-2014 and a 52 week low of Rs. 301.00 on 27-Mar-2015.

Last one week high and low of the scrip stood at Rs. 322.25 and Rs. 304.00 respectively. The current market cap of the company is Rs. 271979.03 crore.

The promoters holding in the company stood at 68.94% while Institutions and Non-Institutions held 17.60% and 13.47% respectively.

In a bid to strengthen its global footprint, ONGC is planning overseas corporate acquisitions. The company will take advantage of prevailing market conditions and go for both corporate as well as asset acquisitions.

Acquisitions will also help ONGC meet its blue print of raising overseas output in phases to 60 million tonnes of oil plus oil-equivalent gas annually (or 1.2 million barrels a day) by 2030.

Meanwhile, the company continues to acquire stake in oil and gas assets abroad through its investment arm ONGC Videsh.

ONGC is an Indian multinational oil and gas company headquartered in Dehradun, India. It is India’s largest oil and gas exploration and production company. It produces around 69% of India's crude oil (equivalent to around 30% of the country's total demand) and around 62% of its natural gas.

ONGC Share Price

283.55 0.50 (0.18%)
22-Apr-2026 10:53 View Price Chart
Peers
Company Name CMP
ONGC 283.55
Oil India 465.25
Jindal Drilling&Inds 543.65
Deep Industries 483.50
Asian Energy Service 311.10
View more..

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