ONGC is currently trading at Rs. 280.25, up by 3.50 points or 1.26% from its previous closing of Rs. 276.75 on the BSE.
The scrip opened at Rs. 278.00 and has touched a high and low of Rs. 281.40 and Rs. 275.80 respectively. So far 93,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 303.90 on 22-Feb-2012 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. 288.60 and Rs. 274.10 respectively. The current market cap of the company is Rs.2, 39,767 crore.
The promoters holding in the company stood at 69.23% while Institutions and Non-Institutions held 16.96% and 13.82% respectively.
State-run energy explorer, Oil and Natural Gas Corporation (ONGC) has reversed its earlier blanket ban order on all Essar Group entities from participating in its tenders, by issuing an amendment that bars only one entity in the Essar group - Essar Oilfield Services India (EOSIL).
This development comes in light of Mumbai-based metal-to-shipping conglomerate Essar Group approaching the Bombay High Court against state-run energy explorer’s decision to keep the business house out of its offshore oil services tenders worth $2 billion.
The company’s earlier order was a blanket ban on all Essar group entities, as the latter conducting a clear breach of contract did not provide the former with a rig for operational work in one of its blocks in the KG basin after the tendering process had been duly completed. However, Essar late moved the Bombay High Court against the company, stating that the former was not given a chance to explain its position before the harsh decision.
| Company Name | CMP |
|---|---|
| ONGC | 239.70 |
| Oil India | 437.60 |
| Jindal Drilling&Inds | 744.60 |
| Hind Oil Exploration | 192.15 |
| Deep Industries | 601.60 |
| View more.. | |
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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