ONGC is currently trading at Rs. 278.30, up by 5.30 points or 1.94% from its previous closing of Rs. 273.00 on the BSE.
The scrip opened at Rs. 276.00 and has touched a high and low of Rs. 281.90 and Rs. 273.20 respectively. So far 50,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 368.00 on 28-Sep-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. 284.50 and Rs. 271.50 respectively. The current market cap of the company is Rs. 2,38,099.00 crore.
The promoters holding in the company stood at 74.14% while Institutions and Non-Institutions held 12.21% and 13.65% respectively.
Oil and Natural Gas Corporation (ONGC) is eyeing to sell its deepwater stakes to oil giants. The company is in talks with BG, Eni and Shell to sell stakes in deepwater developments off the country's resource-rich eastern coast. ONGC is looking for a partner with the technological expertise to exploit the country’s vast but untapped deepwater oil and gas reserves.
The group is seeking to replicate the lucrative more-than Rs 32,000 crore (4.4 billion pound) deal struck between BP and Reliance Industries. ONGC has already been collaborating with the British, Italian and Anglo-Dutch explorers but is looking to deepen ties with foreign companies to boost the development of its 85 deepwater blocks in the Indian Ocean.
The company’s net profit rose by 11.9% to Rs 4,094.90 crore, for the quarter ended June 30, 2011 against Rs 3661.14 crore for the same quarter last year. The total income has increased from Rs 14230.22 crore for the quarter ended June 30, 2010 to Rs 17128.89 crore for the quarter under review up by 20.37%.
Company’s crude oil production dropped 2% to 5.933 million tonne and after including joint venture projects did its output show a 2.3% rise to 6.758 million tonne. Natural gas dropped 2.7% to 5.603 billion cubic meters.
| Company Name | CMP |
|---|---|
| ONGC | 244.35 |
| Oil India | 445.05 |
| Jindal Drilling&Inds | 745.70 |
| Hind Oil Exploration | 194.15 |
| Deep Industries | 614.05 |
| View more.. | |
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