ONGC rose 0.81% to Rs 342.65 at 10:05 IST on BSE after net profit fell 49.88% to Rs 3571.20 crore on 13.66% decline in total income to Rs 20302.02 crore in Q3 December 2014 over Q3 December 2013.
The Q3 result was announced on Saturday, 14 February 2015.
Meanwhile, the S&P BSE Sensex was up 168.37 points or 0.58% at 29,263.30.
On BSE, so far 1.12 lakh shares were traded in the counter as against average daily volume of 4.05 lakh shares in the past one quarter.
The stock was volatile. The stock rose as much as 1.47% at the day's high of Rs 344.90 so far during the day. The stock fell as much as 0.67% at the day's low of Rs 337.60 so far during the day. The stock had hit a record high of Rs 472 on 9 June 2014. The stock had hit a 52-week low of Rs 271.15 on 14 February 2014.
The stock had underperformed the market over the past one month till 13 February 2015, advancing 0.07% compared with Sensex's 6.09% rise. The scrip had also underperformed the market in past one quarter, sliding 11.82% as against Sensex's 4.13% rise.
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India's largest oil & gas exploration firm by sales has equity capital of Rs 4277.74 crore. Face value per share is Rs 5.
The impact on ONGC's gross revenue due to subsidy burden declined 31.28% to Rs 9458 crore in Q3 December 2014 over Q3 December 2013. The impact on profit after tax (PAT) declined 29.58% to Rs 5386 crore in Q3 December 2014 over Q3 December 2013.
ONGC is India's largest oil and gas exploration firm by sales. The Government of India holds 68.94% stake in ONGC (as per the shareholding pattern as on 31 December 2014).
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