/ ONGC trades higher on the BSE ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 18 July 2018

Oil & Natural Gas Corporation is currently trading at Rs. 163.15, up by 7.05 points or 4.52% from its previous closing of Rs. 156.10 on the BSE.The scrip opened at Rs. 157.50 and has touched a high and low of Rs. 163.70 and Rs. 156.95 respectively. So far 318134 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 212.90 on 25-Jan-2018 and a 52 week low of Rs. 152.45 on 28-Jun-2018.Last one week high and low of the scrip stood at Rs. 163.70 and Rs. 152.55 respectively. The current market cap of the company is Rs. 208219.24 crore.

The promoters holding in the company stood at 67.72%, while Institutions and Non-Institutions held 18.72% and 13.57% respectively.Oil and Natural Gas Corporation (ONGC) has received board’s approval to exit helicopter service provider Pawan Hans by selling its entire 49 percent stake as it looks to cut debt and consolidate resources in core oil and gas business. The company wants its interest to be clubbed with the 51 percent government stake that is already on offer for sale.

ONGC is India’s largest government-run corporation and produces about 70% of India’s crude oil and natural gas. The corporation is the biggest public sector commercial organization in India.

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