ONGC trades higher on the bourses

Oil & Natural Gas Corporation Ltd. | Oil Exploration | Oil & Gas | BSE: 500312 | NSE: ONGC

16 Nov 2011 Evaluate

Oil and Natural Gas Corp (ONGC) is currently trading at Rs 260.00, up by 1.20 points or 0.46% from its previous closing of Rs 258.80 on the BSE.

The scrip opened at Rs 260.00 and has touched a high and low of Rs 262.15 and Rs 256.50 respectively. So far 81146 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 5 has touched a 52 week high of Rs 341.23 on 08-Dec-2010 and a 52 week low of Rs 226.95 on 15-Jul-2011.

Last one week high and low of the scrip stood at Rs 272.00 and Rs 256.50 respectively. The current market cap of the company is Rs 221416.08 crore.

The promoters holding in the company stood at 74.14% while Institutions and Non-Institutions held 12.16% and 13.70% respectively.

State-owned ONGC is likely to ink pact with Rashtriya Ispat Nigam (RINL) and Bharat Heavy Electricals (BHEL). The company is in discussion for the proposed joint venture manufacturing plant at Vizag worth Rs 2,000 crore.

The companies are likely to sign the joint venture agreement before the end of the current year and once that is done it will go for tendering for the plant and machinery. This will take two to two-and-a-half years from the start of tendering for the plant to be operational. RINL will hold the majority stake in the JV as the proposed facility will be housed inside RINL's Vizag facility. The mill will have 4 lakh tonne per annum seamless tube installed production capacity.

The July-September quarterly net profit of the ONGC surged by 60.36% at Rs 8,642 crore against Rs 5,389 crore for the corresponding period last year. Total income for the quarter under review increased by 24.4% to Rs.24,058.33 crore against Rs 19,336.46 crore in Q2, FY’11.

ONGC Share Price

279.25 -4.70 (-1.66%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
ONGC	279.25
Oil India	454.40
Jindal Drilling&Inds	535.85
Deep Industries	457.70
Asian Energy Service	297.85
View more..

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