Thu, Apr 18, 2024
The company's outperformance is likely to continue with improved capital allocation & stable regulations supporting stable 18-20% ROE, the brokerage said.
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Tue, Apr 16, 2024
Upstream oil exploration and production companies ONGC and Oil India Ltd stand may lose as they will not get the full benefit of rising international prices for their crude. However, the government on the other hand will get more resources to finance its social welfare schemes for the poor and keep its fiscal deficit in check.
The Indian government has raised its windfall tax on petroleum crude to 9,600 rupees ($114.99) a metric ton from 6,800 rupees with effect from April 16, the government said on Monday.
Thu, Nov 25, 2021
The Oil Ministry's proposal to strip ONGC of its main oil and gas producing fields of Mumbai High and Bassein in the western offshore is a "systematic weakening" of the state-owned firm, well-regarded former bureaucrat EAS Sarma has written to the Prime Minister.
Wed, Nov 24, 2021
Nilesh Jain, who is who is Assistant Vice President (AVP), Equity Research Technical and Derivatives at Centrum Broking picks ONGC, Indian Oil Corporation Limited (IOC) and Gujarat Gas Limited
Mon, Nov 15, 2021
Global brokerages remain positive on ONGC post September quarter results and raised the target price after it reported robust earnings for the July-September quarter of the financial year 2021-22 (Q2FY22).
Fri, Nov 12, 2021
The topline witnessed double-digit growth while the bottom-line grew manifold during the quarter; besides it has also declared a dividend of Rs 5 per share.
Thu, Nov 11, 2021
India is 85 per cent dependent on imports to meet its oil needs, and a way to cut the high import bill is to increase domestic production.
Wed, Oct 06, 2021
For the second straight session, the shares of Oil and Natural Gas Corporation (ONGC) have hit a new 52-week high on Wednesday, after surging over 5.5 per cent to Rs 172.8 apiece on the BSE intraday trade amid rising crude oil prices.
Tue, Oct 05, 2021
Besides, Rs 9,110 crore has been mobilised through disinvestment in various Central Public Sector Enterprises (CPSEs) so far this fiscal.
According to Fitch Ratings, the recent 62 per cent increase in natural gas prices by the Indian government will boost the profitability of upstream companies in the country like ONGC and Reliance Industries Ltd.
Oil prices climbed on Tuesday, hitting their highest levels in at least three years, extending gains triggered during the previous session after the world’s major oil producers announced they had decided to keep a cap on crude supplies, Reuters reported
Amid higher crude oil prices, the shares of state-run Oil and Natural Gas Corporation (ONGC) have jumped 10 per cent and touched a fresh 52-week high of Rs 162.35 per share on the BSE intraday trade on Tuesday.
The government on September 30 hiked the prices of natural gas by 62 per cent. The steep hike in price of the natural gas was soon followed by increase in CNG and piped natural gas prices in the national capital and other domestic markets.
Sat, Oct 02, 2021
The government has raised natural gas price used by households for cooking by 62% on Thursday.
Thu, Sep 23, 2021
In a Trader’s Dairy segment on Thursday, Zee Business Senior Research Analysts Varun Dubey and Kushal Gupta suggest stocks from the cash and F&O markets.
Wed, Sep 15, 2021
The shares of state-owned oil production companies Oil Natural Gas Corporation (ONGC) and Oil India has hit a new 52-week high after surging for over 5 per cent each on the BSE intraday on Wednesday on the back of higher crude oil prices and natural gas hitting a new 7-year high.
Stocks to Buy – ONGC shares – The Oil & Natural Gas Commission shares were trading positively on Wednesday, up by almost 3.6 per cent on the NSE at around 10:45 am. Jain said that this stock is looking strong on the technical charts. The stock has hit a 52-week high today at Rs 130.70
Thu, Sep 09, 2021
The central government is likely to increase the gas prices by up to 70 percent from October 2021, Chetan Bhutani, said, adding that the news will be a game changer for oil and gas sector.
Sat, Aug 14, 2021
ONGC Q1 Reult 2021: Net profit in April-June at Rs 4,335 crore was 772.2 per cent higher than Rs 497 crore in Q1 of previous fiscal when demand as well as price had plummeted due to coronavirus-related lockdown, the company said in a statement.
Wed, Jul 21, 2021
BPCL holds 12.5 per cent of the shareholding in India's largest liquefied natural gas importer, Petronet, and a 22.5 per cent stake in city gas retailer, IGL.
Tue, Jun 29, 2021
Zee Business Managing Editor Anil Singhvi on Tuesday said that gas prices will be revised in October and there is a good chance that it will be hiked substantially.
Fri, Jun 25, 2021
The country's largest public sector oil and gas explorer ONGC has reported 309.5 per cent jump in its net profit in Q4 FY21 largely on account of higher revenue backed by higher oil prices and an exceptional item.
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