ONGC, Oil India, GAIL stocks under pressure as windfall tax cut fails to excite Street
Energy stocks such as Oil and Natural Gas Corporation (ONGC), Oil India and GAIL traded in red on Tuesday, even after the government lowered a windfall tax cut on domestically-produced crude oil by 20.5 per cent to Rs 3,500 per tonne.
Energy stocks such as Oil and Natural Gas Corporation (ONGC), Oil India and GAIL traded in the red on Dalal Street. | Image: Reuters