Oil & Natural Gas Corporation (ONGC) is currently trading at Rs. 336.35, up by 1.25 points or 0.37% from its previous closing of Rs. 335.10 on the BSE.
The scrip opened at Rs. 334.00 and has touched a high and low of Rs. 337.95 and Rs. 333.05 respectively. So far 56632 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 354.10 on 18-Jan-2013 and a 52 week low of Rs. 240.10 on 23-May-2012.
Last one week high and low of the scrip stood at Rs. 336.50 and Rs. 319.10 respectively. The current market cap of the company is Rs. 287935.02 crore.
The promoters holding in the company stood at 69.23% while Institutions and Non-Institutions held 17.09% and 13.68% respectively.
ONGC Videsh (OVL), the foreign investment arm of state-run Oil and Natural Gas Corporation (ONGC), is mulling investment in power, petrochemical and fertilizer plants in the South Asian nation. OVL which has secured two blocks along with Oil India will soon start its maiden exploratory drilling on an onshore oil block in West Bengal.
The two companies plan to develop these blocks, in a joint venture with Bangladesh. Meanwhile, a production-sharing contract (PSC) is expected to be signed for the blocks by August. This development would not be a difficult task to accomplish given that the Bangladesh’s government’s priority is supply to power plants because they have acute power shortage. Further, OVL also plans to bid for oil and gas blocks in Sri Lanka.
| Company Name | CMP |
|---|---|
| ONGC | 283.95 |
| Oil India | 470.10 |
| Jindal Drilling&Inds | 540.15 |
| Deep Industries | 476.90 |
| Asian Energy Service | 306.05 |
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