ONGC hits over four-month high; stock up 3% on heavy volumes

The stock up 3% to Rs 177, hit its highest level since June 5, 2017 on the BSE

Oil and Natural Gas Corporation (ONGC) gained 3% to hit over four-month high of Rs 177 on the BSE in early morning trade on heavy volumes. The stock is trading at its highest level since June 5, 2017.

In the first 10 minutes of trade, a combined 2.62 million shares have already changed hands on the counter, as against an average 4.8 million shares that were traded daily in past two weeks on the BSE and NSE.

The state-owned oil exploration & production company has fixed November 06, 2017 as the record date for the purpose of payment