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ONGC advances after small growth in Q2 bottom line

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Capital Market
Last Updated : Oct 30 2017 | 9:47 AM IST

ONGC was up 2.4% to Rs 187.95 at 9:34 IST on BSE after net profit rose 3.1% to Rs 5130.74 crore on 3.1% growth in net sales to Rs 18964.85 crore in Q2 September 2017 over Q2 September 2016.

The result was announced on Saturday, 28 October 2017.

Meanwhile, the S&P BSE Sensex was up 124.42 points or 0.38% at 33,281.64.

On the BSE, 2.83 lakh shares were traded on the counter so far as against the average daily volumes of 5.76 lakh shares in the past one quarter. The stock had hit a high of Rs 189.80 and a low of Rs 186.50 so far during the day. The stock had hit a 52-week high of Rs 212 on 31 January 2017 and a 52-week low of Rs 155.30 on 27 June 2017.

The large-cap company has equity capital of Rs 6416.62 crore. Face value per share is Rs 5.

ONGC is engaged in oil and gas exploration. The Government of India held 68.07% stake in ONGC as per the shareholding pattern as on 30 September 2017.

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First Published: Oct 30 2017 | 9:31 AM IST

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