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ONGC gains despite reporting 39% fall in Q2 consolidated net profit
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Oil & Natural Gas Corporation is currently trading at Rs. 261.15, up by 4.25 points or 1.65% from its previous closing of Rs. 256.90 on the BSE.
The scrip opened at Rs. 262.55 and has touched a high and low of Rs. 262.80 and Rs. 256.30 respectively. So far 545347 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 344.60 on 01-Aug-2024 and a 52 week low of Rs. 188.30 on 24-Nov-2023.
Last one week high and low of the scrip stood at Rs. 270.65 and Rs. 256.15 respectively. The current market cap of the company is Rs. 328533.99 crore.
The promoters holding in the company stood at 58.89%, while Institutions and Non-Institutions held 37.46% and 3.65% respectively.
Oil and Natural Gas Corporation (ONGC) has reported 17.05% rise in its net profit at Rs 11,984.02 crore for second quarter ended September 30, 2024 (Q2FY25) as compared to Rs 10,238.10 crore for the same quarter in the previous year. Total income of the company increased by 3.75% at Rs 38,646.52 crore for Q2FY25 as compared to Rs 37,248.72 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 38.91% fall in net profit at Rs 9,878.44 crore for Q2FY25 as compared to Rs 16,171.30 crore for the same quarter in the previous year. However, total income of the company increased by 8.23% at Rs 1,62,492.52 crore for Q2FY25 as compared to Rs 1,50,131.08 crore for the corresponding quarter previous year.
