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.
Wed, Feb 15, 2023
Indian equity benchmarks extended gains to a third straight session on Thursday though giving up much of their intraday gains on Wednesday, as encouraging macroeconomic data from the US allayed some of the concerns about a prolonged period of steel hikes in benchmark interest rates and sent positive signals to the markets the worldover. Any indication of strength in the world's largest economy is a sigh of relief, as the Fed and other major central banks scramble to tame red-hot inflation without disrupting economic growth amid fears of at least a mild recession.
Tue, Feb 14, 2023
How will be the results of ONGC in Q3? How will be the sales of ONGC's crude? How will be the profit and margin? How will be the results, know the complete details from Varun Dubey.
ONGC is likely to report a 2.5 per cent decline in net profit to Rs 12,500 crore for the October-December period compared with the previous three months, according to Zee Business research.
Stock Market HIGHLIGHTS: Indian equity benchmarks Sensex and Nifty50 finished a strong session on Tuesday around one per cent higher each amid cautious gains across global markets, ahead of a key US inflation reading that could determine the future course of interest rates in the world's largest economy. Gains in financial, IT, oil & gas and metal shares were at the forefront of the upmove on Dalal Street.
Sat, Feb 11, 2023
Market Next Week: The analysts believe the movement of the rupee against the US dollar, brent crude oil, and bullion market may also dictate the markets' trend in the following week.
Tue, Feb 07, 2023
ONGC, which contributes around 71 per cent to India's domestic production, has reported a gradual decline in output for over a decade now primarily because its fields are old and ageing.
Thu, Jan 26, 2023
Oil and Natural Gas Corporation (ONGC) has been traditionally headed by a chairman and managing director. It, however, did not have a full-time head after Shashi Shanker superannuated on March 31, 2021.
Tue, Jan 17, 2023
The Centre cut windfall tax on crude to Rs 1,900 ($23.28) per tonne from Rs 2,100 per tonne, effective January 17.
Thu, Jan 12, 2023
In today's edition of Traders Diary, Zee Business research team brings its exclusive research on 20 stocks that investors and traders can refer to while making their strategies in them
Tue, Jan 10, 2023
Production from Sakhalin-1 stopped in April 2022 after Exxon Neftegaz declared force majeure at the project in response to international sanctions imposed on Russia following its invasion of Ukraine.
Mon, Jan 09, 2023
Global brokerage firm CLSA has initiated a ‘Buy’ coverage for ONGC as it sees potential even on depressed multiples.
Sat, Dec 31, 2022
Zee Business brings to you 3 stocks recommended by brokerage firms to keep an eye out for.
Fri, Dec 30, 2022
ONGC shares gained more than 2% during Friday's trading session. It was among the top gainers on Nifty.
Wed, Dec 28, 2022
ONGC Share Price Target 2023: The company's standalone production of oil and gas (including JV share) declined by 6.7 million tonnes in the last 4 years, the report mentioned.
Mon, Dec 19, 2022
ONGC is planning to focus on which new segments? How will be the demand of energy in future? Watch Ambarish Pandey's exclusive conversation with ONGC Chairman Arun Kumar Singh.
Mon, Dec 12, 2022
Andhra Pradesh SEIAA in a meeting held last month cleared two separate proposals put up by the ONGC for environmental clearance.
Fri, Dec 02, 2022
Energy stocks such as ONGC, Oil India Ltd, Mangalore Refinery & Petrochemicals (MRPL) and Chennai Petroleum Corporation surged up to 5% on the BSE in morning trade on Dec 2.
The rise in the energy stocks (upstream companies) could mainly be attributed to the government’s move to cut the windfall profit tax on domestically produced crude oil.
NMDC, Chennai Petro, Century Ply, Hero Moto, ONGC, Mazagon Dock: The research team of Arman Nahar and Varun Dubey recommends a buy, sell or hold strategy in cash stocks, futures and give their best picks for today.
Wed, Nov 30, 2022
A committee headed by Kirit Parekh has submitted its recommendation on gas pricing formula to the government on Wednesday. In an exclusive chat with Zee Business, Chairman of the Sustainable Gas Pricing Committee gives detailed insights
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