Oil & Natural Gas Corporation (ONGC) is currently trading at Rs. 269.90, up by 2.35 points or 0.88% from its previous closing of Rs. 267.55 on the BSE.
The scrip opened at Rs. 269.00 and has touched a high and low of Rs. 271.85 and Rs. 265.05 respectively. So far 562271 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 296.80 on 27-Oct-2016 and a 52 week low of Rs. 188.00 on 12-Feb-2016.
Last one week high and low of the scrip stood at Rs. 294.70 and Rs. 266.50 respectively. The current market cap of the company is Rs. 231297.68 crore.
The promoters holding in the company stood at 68.93%, while institutions and non-institutions held 17.31% and 13.75% respectively.
Oil and Natural Gas Corporation’s (ONGC) overseas arm - ONGC Videsh (OVL), has completed the acquisition of additional 11% interest in Russia’s Vankor oilfield, taking its total stake to 26%. After the stake sales, Rosneft holds 50.1% stake in JSC Vankorneft, the company that operates the Vankor oilfield.
OVL signed a deal with Rosneft Oil Company to acquire additional 11% stake in the East Siberian field for $930 million on October 28. OVL, which had previously bought 15% stake in Vankor from Russian national oil firm Rosneft for $1.268 billion, will get an 7.3 million tons of oil equivalent from its 26% stake. OVL will tie-up long-term financing in the next six to nine months to replace the bridge loan.
Besides OVL’s 26%, a consortium of comprising Oil India (OIL), Indian Oil Corporation (IOC) and Bharat PetroResources (BPRL) has acquired 23.9% stake in the field.
| Company Name | CMP |
|---|---|
| ONGC | 283.95 |
| Oil India | 452.90 |
| Jindal Drilling&Inds | 533.00 |
| Deep Industries | 465.00 |
| Asian Energy Service | 295.35 |
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