Home / Markets / News / ONGC up 3%, hits 4-month high post Q2 nos; board okays 35% interim dividend

ONGC up 3%, hits 4-month high post Q2 nos; board okays 35% interim dividend

Current trend in global oil & gas prices augurs well for ONGC, according to analysts.

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Technicians work at an oil rig manufactured by Megha Engineering and Infrastructures Limited (MEIL) at an Oil and Natural Gas Corp (ONGC) plant. (Photo: Reuters)

SI Reporter Mumbai

2 min read Last Updated : Nov 15 2022 | 10:14 AM IST

Shares of Oil and Natural Gas Corporation (ONGC) hit an over four-month high at Rs 143.20, on gaining 3 per cent in Tuesday’s intra-day trade in an otherwise range-bound market after the oil explorer reported a standalone net profit of Rs 12,826 crore in September quarter (Q2FY23). The state-owned oil exploration & production company had posted profit of Rs 18,348 crore in a year ago quarter.

ONGC reported revenue at Rs 38,321 crore during the quarter. Gross oil realization stood at $95.5/bbl. Net of windfall tax, realization stood at $72.2/bbl. Gas realisation remained unchanged sequentially at $6.1/mmbtu (on GCV

Topics : Buzzing stocks ONGC Q2 results Oil Exploration ONGC Crude Oil Price stock market trading oil stocks

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