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ONGC hits lowest level since Oct 2008 on weak operational performance in Q3

ONGC's standalone pre-tax profit (PBT) halved to Rs 5,999 crore in Q3FY20

ongc, oil, oil field, natural gas, gas
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SI Reporter Mumbai
Shares of Oil and Natural Gas Corporation (ONGC) slipped over 3 per cent to hit an over 11-year low of Rs 99.35 on the BSE on Monday after reporting a weak operational performance for the quarter ended December 2019 (Q3FY20).

The stock of the state-owned oil exploration & production firm was trading at its lowest level since October 27, 2008, when it touched Rs 89.68 in intra-day trade.

ONGC, on Friday, reported that its of its standalone pre-tax profit (PBT) halved to Rs 5,999 crore in Q3FY20, against Rs 12,063 crore during the same period previous year. The

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