ONGC trades in green as firms overseas arm announces to retake 20% stake in Russias Sakhalin oil and gas field; brokerages mixed
ONGC Share Price NSE: The company has reported 30 per cent fall in net profit for September quarter. In a statement, Oil and Natural Gas Corporation (ONGC) announced a net profit of Rs 12,825.99 crore, or Rs 10.20 a share, in July-September 2022-23 as compared to Rs 18,347.73 crore, or Rs 14.58 per share net profit in the same period a year ago.
ONGC Share Price NSE: Oil & Natural Gas Corporation Limited (NSE: ONGC) share price traded in positive territory on Wednesday, November 16, following the announcements of second quarter results and also plan to retake a 20 per cent stake in Russia's Sakhalin oil and gas field.
The stock initially opened with marginal gains and slipped to trad in negative bias. After touching the day's low at Rs 141.20 apiece on NSE in early deals, the counter reversed and traded in the green. At 10:38 AM, the scrip quoted Rs 142.70 apiece on NSE. The stock previously closed at Rs 142.35.
Brokerages have given mixed ratings on the counter post announcement of the July-September quarter results.
Click Here For Latest Updates On Stock Market | Zee Business Live
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.