ONGC up 3% on heavy volumes

ONGC made 23 oil and gas discoveries in the fiscal year ended March 31, report.

Oil and Natural Gas Corporation (ONGC)  moved higher by 3% at Rs 185 on BSE on the back of two-fold jump in trading volumes.

Till 02:31 pm; about 901,000 shares changed hands on the counter against an average 389,000 shares were traded daily in past two weeks, the BSE data shows. A combined around seven million shares changed hands on the NSE and BSE so far.

State-owned ONGC made 23 oil and gas discoveries in the fiscal year ended March 31 (FY29016-17) as a record number of wells drilled helped it uncover new reserves, the PTI report suggests.