Oil & Natural Gas Corporation Ltd.

Oil and Natural Gas Corporation (ONGC) is currently trading at Rs. 166.30, up by 0.25 points or 0.15% from its previous closing of Rs. 166.05 on the BSE.

The scrip opened at Rs. 168.00 and has touched a high and low of Rs. 168.00 and Rs. 166.20 respectively. So far 24,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 212.00 on 31-Jan-2017 and a 52 week low of Rs. 138.17 on 24-Jun-2016.

Last one week high and low of the scrip stood at Rs. 170.95 and Rs. 164.70 respectively. The current market cap of the company is Rs. 2,13,095.87 crore.

The promoters holding in the company stood at 68.07%, while Institutions and Non-Institutions held 18.25% and 13.68% respectively.

ONGC’s overseas arm - ONGC Videsh (OVL) has been shortlisted alongside global giants like Chevron, Shell and Total to bid in Mexico’s latest round of oil and gas field auction. Mexico is offering 15 shallow-water exploration blocks in the second round of hydrocarbon auction, called round 2.1. These blocks cover a combined area of 8,908 sq km and hold prospective resources of 4 billion barrels of oil and oil equivalent gas.

In 2015, OVL was among the 19 companies and seven groups that was pre-qualified to bid for Mexico’s maiden offshore oil blocks auction. It was however unsuccessful in getting any block.

ONGC is India’s largest government-run corporation and produces about 70% of India’s crude oil and natural gas. The corporation is the biggest public sector commercial organization in India.