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ONGC rises as its arm secures another 3 year extension to explore oil & gas in Vietnamese block Oil & Natural Gas Corporation is currently trading at Rs. 175.75, up by 0.55 points or 0.31% from its previous closing of Rs. 175.20 on the BSE. The scrip opened at Rs. 175.25 and has touched a high and low of Rs. 175.95 and Rs. 174.40 respectively. So far 53037 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 180.25 on 14-Aug-2023 and a 52 week low of Rs. 121.50 on 28-Sep-2022. Last one week high and low of ...
ONGC rises as its arm secures another 3 year extension to explore oil & gas in Vietnamese block
ONGC rises as its arm secures another 3 year extension to explore oil & gas in Vietnamese block
Source: Accord Fintech
21/08/2023 11:24:16 AM
Buy ONGC Ltd For Target Rs.220 - Motilal Oswal Financial Services Outlook intact amid steady performance * ONGC’s reported EBITDA stood at INR194.5b (-25% YoY, +19% QoQ), 8% above our estimate, due to slightly higher gas realization and lower profit petroleum. * As per earlier guidance, management expects oil production from KG-DWN98/2 to commence by Aug’23 in an optimistic scenario and by Oct’23 in a worst-case scenario. The peak oil production is likely to be ~40-45kbopd. * Although the levy of windfall tax by the Center wi...
Buy ONGC Ltd For Target Rs.220 - Motilal Oswal Financial Services
Buy ONGC Ltd For Target Rs.220 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
20/08/2023 11:18:38 AM
ONGC rises on reporting over 2-fold jump in Q1 consolidated net profit Oil & Natural Gas Corporation is currently trading at Rs. 179.10, up by 1.95 points or 1.10% from its previous closing of Rs. 177.15 on the BSE. The scrip opened at Rs. 180.00 and has touched a high and low of Rs. 180.25 and Rs. 178.00 respectively. So far 136582 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 180.25 on 14-Aug-2023 and a 52 week low of Rs. 121.50 on 28-Sep-2022. Last one week high and low of...
ONGC rises on reporting over 2-fold jump in Q1 consolidated net profit
ONGC rises on reporting over 2-fold jump in Q1 consolidated net profit
Source: Accord Fintech
14/08/2023 10:03:50 AM
Oil India's Q1 profit rises marginally as lower costs outweigh rev drop Oil India reported a marginal rise in first-quarter profit on Tuesday as a fall in expenses offset a dip in revenue on the back of a drop in crude prices. The oil explorer's profit rose 4% to 16.13 billion rupees ($194.8 million) for the quarter ended June 30 from a year earlier. A 26.5% fall in Oil India's total expenses outweighed a 22% slump in revenue. Crude oil prices dropped more than 43% in the June quarter, from a peak last year. Oil India's profit fell nearly 10%...
Oil India's Q1 profit rises marginally as lower costs outweigh rev drop
Oil India's Q1 profit rises marginally as lower costs outweigh rev drop
Source: Reuters
8/08/2023 5:19:41 PM
ONGC inches up on planning to set up two oil-to-chemical plants in India Oil & Natural Gas Corporation is currently trading at Rs. 173.40, up by 0.05 points or 0.03% from its previous closing of Rs. 173.35 on the BSE. The scrip opened at Rs. 173.40 and has touched a high and low of Rs. 174.45 and Rs. 172.20 respectively. So far 141332 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 178.60 on 02-Aug-2023 and a 52 week low of Rs. 121.50 on 28-Sep-2022. Last one week high and low of...
ONGC inches up on planning to set up two oil-to-chemical plants in India
ONGC inches up on planning to set up two oil-to-chemical plants in India
Source: Accord Fintech
7/08/2023 3:29:34 PM
Stock Picks : Bank of Baroda Ltd and Oil and Natural Gas Corporation Ltd By ICICI Direct Bank of Baroda Ltd Buy Bank of Baroda Ltd @194.8-195.4; Target 198.20; Stop Loss 193.70   Oil and Natural Gas Corporation Ltd Buy Oil and Natural Gas Corporation Ltd @168.6-169; Target 171.40; Stop Loss 167.60       To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ00...
Stock Picks : Bank of Baroda Ltd and Oil and Natural Gas Corporation Ltd By ICICI Direct
Stock Picks : Bank of Baroda Ltd and Oil and Natural Gas Corporation Ltd By ICICI Direct
Source: ICICI Direct
24/07/2023 10:07:24 AM
ONGC surges on executing share purchase agreement to acquire stake in Petronet MHB Oil & Natural Gas Corporation is currently trading at Rs. 167.50, up by 0.85 points or 0.51% from its previous closing of Rs. 166.65 on the BSE. The scrip opened at Rs. 166.55 and has touched a high and low of Rs. 168.00 and Rs. 165.95 respectively. So far 125171 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 169.70 on 14-Jul-2023 and a 52 week low of Rs. 121.50 on 28-Sep-2022. Last one week high and low of...
ONGC surges on executing share purchase agreement to acquire stake in Petronet MHB
ONGC surges on executing share purchase agreement to acquire stake in Petronet MHB
Source: Accord Fintech
20/07/2023 3:40:05 PM
Deep Industries shines on receiving LoA from ONGC Deep Industries is currently trading at Rs. 208.60, up by 12.25 points or 6.24% from its previous closing of Rs. 196.35 on the BSE. The scrip opened at Rs. 211.00 and has touched a high and low of Rs. 220.05 and Rs. 204.80 respectively. So far 83279 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 220.05 on 13-Jul-2023 and a 52 week low of Rs. 88.55 on 11-Aug-2022. Last one week high and low of the scrip stood at...
Deep Industries shines on receiving LoA from ONGC
Deep Industries shines on receiving LoA from ONGC
Source: Accord Fintech
13/07/2023 9:58:57 AM
Exclusive-India starts process to fund state refiners` green goals via equity -sources The Indian government this week kicked off a multi-billion-dollar process seeking equity in its three big state refiners in return for funding towards the firms' energy transition projects, three sources familiar with the matter told Reuters. The Oil Ministry on Wednesday asked state-controlled Indian Oil Corp and Bharat Petroleum Corp Ltd (BPCL) to launch rights issues, and asked Hindustan Petroleum Corp Ltd (HPCL) to make a preferential share allotment to the government, the people s...
Exclusive-India starts process to fund state refiners` green goals via equity -sources
Exclusive-India starts process to fund state refiners` green goals via equity -sources
Source: Reuters
23/06/2023 6:02:52 PM
Buy ONGC Ltd For Target Rs 200 - JM Financial Institutional Securities ONGC’s 4QFY23 standalone EBITDA was significantly lower at INR 163bn (vs. JMFe/consensus of INR 210bn/ INR 205bn) primarily due to: a) sharp jump in dry well writeoff (including survey cost) at INR 44.7bn (vs. JMFe of INR 18bn) — dry well write-off tends to be volatile on a quarterly basis and, hence, gauging the sustainable trend is difficult, and b) net crude realisation at USD 71.8/bbl was also USD 3/bbl lower than JMFe. Further, there was a huge exceptional expense of INR 92.4...
Buy ONGC Ltd For Target Rs 200 - JM Financial Institutional Securities
Buy ONGC Ltd For Target Rs 200 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
17/06/2023 10:46:47 AM
Engineers India soars on bagging order from Oil and Natural Gas Corporation Engineers India is currently trading at Rs. 113.05, up by 3.15 points or 2.87% from its previous closing of Rs. 109.90 on the BSE. The scrip opened at Rs. 113.15 and has touched a high and low of Rs. 113.65 and Rs. 111.95 respectively. So far 170693 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 114.50 on 07-Jun-2023 and a 52 week low of Rs. 55.95 on 20-Jun-2022. Last one week high and low of the scrip stood at...
Engineers India soars on bagging order from Oil and Natural Gas Corporation
Engineers India soars on bagging order from Oil and Natural Gas Corporation
Source: Accord Fintech
13/06/2023 10:19:47 AM
ONGC rises on planning to invest Rs 1 lakh crore by 2030 on energy transition projects Oil & Natural Gas Corporation is currently trading at Rs. 161.00, up by 2.10 points or 1.32% from its previous closing of Rs. 158.90 on the BSE. The scrip opened at Rs. 159.30 and has touched a high and low of Rs. 161.65 and Rs. 159.30 respectively. So far 188766 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 168.95 on 12-May-2023 and a 52 week low of Rs. 119.80 on 06-Jul-2022. Last one week high and low of...
ONGC rises on planning to invest Rs 1 lakh crore by 2030 on energy transition projects
ONGC rises on planning to invest Rs 1 lakh crore by 2030 on energy transition projects
Source: Accord Fintech
30/05/2023 11:59:49 AM
ONGC drops on reporting 53% fall in Q4 consolidated net profit ONGC is currently trading at Rs. 159.20, down by 4.40 points or 2.69% from its previous closing of Rs. 163.60 on the BSE. The scrip opened at Rs. 159.55 and has touched a high and low of Rs. 160.20 and Rs. 156.50 respectively. So far 3775093 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 168.95 on 12-May-2023 and a 52 week low of Rs. 119.80 on 06-Jul-2022. Last one week high and low of the scrip stood at Rs. 16...
ONGC drops on reporting 53% fall in Q4 consolidated net profit
ONGC drops on reporting 53% fall in Q4 consolidated net profit
Source: Accord Fintech
29/05/2023 3:15:48 PM
Oil India beats fourth-quarter profit estimates on higher gas prices Oil India Ltd beat fourth-quarter profit estimates on Wednesday, benefiting from higher gas prices as a recovery in the country's economy from the pandemic-induced slump stokes energy demand. The Indian government has also slashed windfall taxes on petroleum crude, providing relief to energy companies. Oil India's profit rose 9.71% to 17.88 billion rupees($218.64 million) from a year earlier, compared with analysts' average estimate of 17.21 billion rupees, according to Refi...
Oil India beats fourth-quarter profit estimates on higher gas prices
Oil India beats fourth-quarter profit estimates on higher gas prices
Source: Reuters
25/05/2023 9:40:48 AM
Buy ONGC Ltd For Target Rs 220 - JM Financial Institutional Securities Steady quarter; BUY on strong dividend play ONGC’s 3QFY23 standalone EBITDA was a tad lower that JMFe at INR 204bn (vs. JMFe/consensus of INR 211bn/ INR 203bn) due to crude sales volume being 4.8% below JMFe (though crude production volume was slightly higher than JMFe). Net crude realisation, adjusted for windfall tax of USD 10.2/bbl (or INR 29.4bn), was higher at USD 75.8/bbl (vs. JMFe of USD 73.1/bbl). OVL’s production continues to be weak but earnings has partly recovered. ...
Buy ONGC Ltd For Target Rs 220 - JM Financial Institutional Securities
Buy ONGC Ltd For Target Rs 220 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
21/02/2023 12:26:59 PM
India reaps pricing benefits of crude oil imports from Russia In the case of oil imports, India till now is on a firm path of sourcing the product cheaply from Russia since the latters invasion of Ukraine. This is much against the wishes of the western powers who want to bring down the Russian economy by curbing its oil revenue. However, the Indian government has categorically said that it would source what it needs from where the price is advantageous. The government also said its three oil marketing companies are not buying crude from Russia ...
India reaps pricing benefits of crude oil imports from Russia
India reaps pricing benefits of crude oil imports from Russia
Source: IANS
19/02/2023 10:12:55 AM
India's ONGC posts 26% rise in Q3 profit on higher crude, gas prices  India’s top oil explorer Oil and Natural Gas Corporation reported a 26% rise in its third-quarter profit, helped by higher crude and gas prices. The state-run company’s profit came in at 110.45 billion rupees ($1.33 billion) for the quarter ended Dec. 31 compared to 87.64 billion rupees a year earlier. India in September raised the price of locally produced gas by 40% to a record $8.57 per million metric British thermal units (mmBtu). The gas prices nearly tripled from...
India's ONGC posts 26% rise in Q3 profit on higher crude, gas prices
India's ONGC posts 26% rise in Q3 profit on higher crude, gas prices
Source: Reuters
15/02/2023 9:48:43 AM
India's ONGC to explore investing in Argentina gas assets India's state-run Oil and Natural Gas Corp Ltd will explore investing in gas assets in Argentina, its chairman said on Tuesday. The company also signed a memorandum of understanding with Argentina's state oil company YPF for hydrocarbon cooperation. "This is an enabling MoU. They have gas (assets)... so we will explore investing there," the ONGC chairman said at an event in Bengaluru.
India's ONGC to explore investing in Argentina gas assets
India's ONGC to explore investing in Argentina gas assets
Source: Reuters
7/02/2023 1:21:39 PM
Oil slips on rate hike worries, Russian crude flows despite China performance Oil prices extended losses on Tuesday as the threat of further interest rate increases and continued Russian crude flows cancelled out demand recovery expectations from China. March Brent crude futures fell 5 cents to $84.85 per barrel by 0415 GMT, while the more heavily traded April contracts fell by 32 cents or 0.38% to $84.18 a barrel. U.S. West Texas Intermediate (WTI) crude futures slipped 33 cents, or 0.42%, to $77.57 a barrel. "Oil markets are facing downside pressure as ...
Oil slips on rate hike worries, Russian crude flows despite China performance
Oil slips on rate hike worries, Russian crude flows despite China performance
Source: Reuters
31/01/2023 8:52:49 AM
Oil steadies as rate hikes loom, Russian flows stay strong Oil steadied on Monday as looming interest rate hikes by major central banks and signs of strong Russian exports balanced rising Middle East tension over a drone attack in Iran and hopes of higher Chinese demand. Investors expect the Federal Reserve to raise rates by 25 basis points on Wednesday, followed the day after by half-point hikes from the Bank of England and European Central Bank, and any deviation from that script would be a shock. "The risk-off cautious mood in the marke...
Oil steadies as rate hikes loom, Russian flows stay strong
Oil steadies as rate hikes loom, Russian flows stay strong
Source: Reuters
30/01/2023 8:57:27 AM
Indian refiners` oil processing in December rises 4% y/y  Indian refiners' crude oil processing in December rose about 4% from a year earlier, provisional government data showed, in line with elevated demand in the world's third-biggest oil importer and consumer. Crude oil production last month was at 586,700 barrels per day (2.48 million tonnes), down nearly 1.2% year on year, the data showed, on lower output at certain Oil and Natural Gas Corporation clusters. Crude oil imports rose meanwhile to a five-month high on refiners st...
Indian refiners` oil processing in December rises 4% y/y
Indian refiners` oil processing in December rises 4% y/y
Source: Reuters
29/01/2023 9:29:30 AM
Indian, European oil firms evaluating bids for Guyana blocks Guyana's upcoming bidding round for offshore areas has caught the interest of top energy companies from Asia to Europe, according to people familiar with the matter, even as the government continues to work out terms for the auction. The South American country wants to quickly expand its oil industry and recruit developers to counterbalance an Exxon Mobil Corp-led consortium that now controls all production. The Exxon group has outlined plans to install at least seven vessels to tap mo...
Indian, European oil firms evaluating bids for Guyana blocks
Indian, European oil firms evaluating bids for Guyana blocks
Source: Reuters
17/01/2023 9:17:24 AM
India caps trading margin on resale of gas from deep sea fields India has capped trading margins on the resale of gas produced from deepwater blocks, according to a government order issued on Friday, to cut profiteering by traders and bring down prices. The federal government fixes the ceiling price of gas produced from the deepwater fields as the nation wants to increase the share of natural gas in its energy mix to 15% by 2030 from the current 6.2%. India allows producers to sell gas produced from deepwater fields, which are cost intensive and dif...
India caps trading margin on resale of gas from deep sea fields
India caps trading margin on resale of gas from deep sea fields
Source: Reuters
14/01/2023 10:46:04 AM
ONGC rises as its JV signs MoU with Assam Power Distribution Company Oil & Natural Gas Corporation is currently trading at Rs. 146.90, up by 0.85 points or 0.58% from its previous closing of Rs. 146.05 on the BSE. The scrip opened at Rs. 146.10 and has touched a high and low of Rs. 147.50 and Rs. 145.95 respectively. So far 112543 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 194.60 on 08-Mar-2022 and a 52 week low of Rs. 119.80 on 06-Jul-2022. Last one week high and low of...
ONGC rises as its JV signs MoU with Assam Power Distribution Company
ONGC rises as its JV signs MoU with Assam Power Distribution Company
Source: Accord Fintech
13/01/2023 12:41:46 PM
Top Pick 2023 : Buy Oil and Natural Gas Corporation Ltd - Motilal Oswal Financial Services Buy Oil and Natural Gas Corporation Ltd For Target Rs.198 The great conjunction for ONGC in 2023 Oil and gas production to improve 10% and 20% from mid-CY23, respectively The Great Conjunction is a rare conjunction of the naked-eye planets – Jupiter and Saturn. It is an event that roughly occurs every two decades when Jupiter overtakes Saturn in its orbit. As Mother Aughra in the 1982 cult classic – The Dark Crystal – says, “The Great Conjunction is the end of...
Top Pick 2023 : Buy Oil and Natural Gas Corporation Ltd - Motilal Oswal Financial Services
Top Pick 2023 : Buy Oil and Natural Gas Corporation Ltd - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
31/12/2022 12:35:46 PM
Deep Industries moves up on receiving letter of award from ONGC Deep Industries is currently trading at Rs. 257.30, up by 11.25 points or 4.57% from its previous closing of Rs. 246.05 on the BSE. The scrip opened at Rs. 255.90 and has touched a high and low of Rs. 262.40 and Rs. 254.55 respectively. So far 5406 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 322.50 on 10-Oct-2022 and a 52 week low of Rs. 141.15 on 27-Dec-2021. Last one week high and low of the scrip stood a...
Deep Industries moves up on receiving letter of award from ONGC
Deep Industries moves up on receiving letter of award from ONGC
Source: Accord Fintech
26/12/2022 11:22:48 AM
Add Oil and Natural Gas Corporation Ltd For Target Rs.205 - JM Financial Institutional Securities Robust quarter; strong dividend play ONGC’s 2QFY23 standalone EBITDA was higher at INR 188bn (vs. JMFe/consensus of INR 168bn/ INR 182bn) due to higher net crude realisation and lower opex. Net crude realisation, adjusted for windfall tax of USD 21.7/bbl (or INR 64.5bn), was higher at USD 74.1/bbl (vs. JMFe of USD 70.4/bbl). However, OVL’s production and earnings continue to be weak due to the impact of sanctions on Russia. The board declared an interim dividend of INR 6.75/sha...
Add Oil and Natural Gas Corporation Ltd For Target Rs.205 - JM Financial Institutional Securities
Add Oil and Natural Gas Corporation Ltd For Target Rs.205 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
12/12/2022 10:59:45 AM
Buy ONGC Ltd For Target Rs.192 - Motilal Oswal Financial Services Oil realization hit by windfall tax; production guidance strong * ONGC’s 2QFY23 EBITDA was in line with our estimate at INR188.1b (+42% YoY, -27% QoQ) with oil realization at USD72/bbl (after taking the effect of windfall tax during the quarter). Crude oil and gas sales both were in line with our estimates at 4.8mmt and 4.2bcm, respectively. * The FPSO for KG Basin would arrive in Jan-Feb’23E with first oil likely in May’23E. Production guidance from KG Basin stands at...
Buy ONGC Ltd For Target Rs.192 - Motilal Oswal Financial Services
Buy ONGC Ltd For Target Rs.192 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
10/12/2022 10:18:59 AM
India`s ONGC applies to retain 20% in Russia`s Sakhalin-1- source India's Oil and Natural Gas Corp has applied to the new Russian operator of the Sakhalin-1 to retain its stake in the oil and gas project in the Far East, a person familiar with the development said. Russia has established a new entity, managed by a Rosneft subsidiary, that owns investor's rights in Sakhalin 1 after the exit of previous operator ExxonMobil. Moscow gave the state-run company the authority to decide whether foreign shareholders can retain their participation. &quo...
India`s ONGC applies to retain 20% in Russia`s Sakhalin-1- source
India`s ONGC applies to retain 20% in Russia`s Sakhalin-1- source
Source: Reuters
8/11/2022 9:49:31 AM
Sandeep Kumar Gupta assumes charge as Chairman and MD, GAIL New Delhi, Oct 3  Sandeep Kumar Gupta on Monday assumed charge as Chairman and Managing Director, GAIL (India) Ltd. After taking over, he addressed the employees of the company and recognized the balanced business portfolio of the company built over time and overall contribution to development of natural gas sector in the country, the contributions of his predecessors and support of stakeholders including Ministry of Petroleum & Natural Gas and employees, which have played a key r...
Sandeep Kumar Gupta assumes charge as Chairman and MD, GAIL
Sandeep Kumar Gupta assumes charge as Chairman and MD, GAIL
Source: IANS
3/10/2022 8:33:55 PM
Tullow Oil in talks with Indian groups over Kenyan project Executives from Tullow Oil held talks with India's ONGC Videsh Ltd in Nairobi this week as the London-based firm seeks a strategic investor for its onshore oil project in Kenya, the company said on Saturday. A senior official at Kenya's Ministry of Petroleum and Mines tweeted earlier this week that ministry officials had met the Indian High Commissioner to Kenya along with representatives of ONGC Videsh, the overseas investment arm of Oil and Natural Gas Corp, and Indian Oil Corpor...
Tullow Oil in talks with Indian groups over Kenyan project
Tullow Oil in talks with Indian groups over Kenyan project
Source: Reuters
31/07/2022 9:55:37 AM
Key News - Bajaj Finserv Ltd, Nestle India Ltd, Cipla Ltd, Shree Cement Ltd, Oil and Natural Gas Corporation Ltd, Adani Capital Ltd By ARETE Securities Key News Bajaj Finserv surges 10% after board approves 1:1 bonus, 1:5 stock split Shares of Bajaj Finserv surged 10 per cent to Rs 14,579.95 on the BSE in Thursday’s intra-day trade after the company’s board approved 1:1 bonus issue and 1:5 stock split. On July 28, 2022, the board approved sub-division of each existing equity share of face value of Rs 5 into five equity shares of face value of Rs 1 fully paid- up. The board also approved issue of one bonus equity shares of f...
Key News - Bajaj Finserv Ltd, Nestle India Ltd, Cipla Ltd, Shree Cement Ltd, Oil and Natural Gas Corporation Ltd, Adani Capital Ltd By ARETE Securities
Key News - Bajaj Finserv Ltd, Nestle India Ltd, Cipla Ltd, Shree Cement Ltd, Oil and Natural Gas Corporation Ltd, Adani Capital Ltd By ARETE Securities
Source: ARETE Securities Ltd
29/07/2022 9:31:45 AM
Key Stock News - Wipro Ltd, Future Retail Ltd, IndusInd Bank Ltd, ITC Ltd, ONGC Ltd, Hatsun Agro Products Ltd - ARETE Securities Key News Wipro Q1 results: Net profit falls 21% to Rs 2,564 cr as expenses rise IT major Wipro Ltd reported a 21% fall in June-quarter profit on Wednesday as higher employee-related costs pushed up the information technology services firm's overall expenses. June-quarter consolidated net profit came in at Rs 2,564 crore, compared with Rs 3,243 crore a year ago. Revenue from operations rose nearly 18% to Rs 21,529 crore as against Rs 18,048 crore in Q1FY22.   NCLT admits B...
Key Stock News - Wipro Ltd, Future Retail Ltd, IndusInd Bank Ltd, ITC Ltd, ONGC Ltd, Hatsun Agro Products Ltd - ARETE Securities
Key Stock News - Wipro Ltd, Future Retail Ltd, IndusInd Bank Ltd, ITC Ltd, ONGC Ltd, Hatsun Agro Products Ltd - ARETE Securities
Source: ARETE Securities Ltd
21/07/2022 9:10:49 AM
ONGC applies for mining license to discover oil fields in Bihar's Samastipur, Buxar Oil and Natural Gas Corporation (ONGC), citing possibility of crude oil fields in Buxar and Samastipur districts of Bihar, has applied for the petroleum exploration license before the state government. As per officials, the state mining department has initiated the process to provide a license to the company for digging in these two districts. Harjot Kaur Bamhrah, additional chief secretary cum commissioner of mining department said: "ONGC has filed the application for open area mi...
ONGC applies for mining license to discover oil fields in Bihar's Samastipur, Buxar
ONGC applies for mining license to discover oil fields in Bihar's Samastipur, Buxar
Source: IANS
2/06/2022 4:50:39 PM
Key News - Airtel, Oil and Natural Gas Corporation Ltd, Bharat Petroleum Corporation Ltd, Vedanta Ltd By ARETE Securities Key News Airtel remains a core investment in our international portfolio: Singtel Singapore-based Singtel Group (Singapore Telecommunications Limited) on Friday said that Airtel remains a core investment in its international portfolio while referring to media reports that it was planning to sell a stake in Bharti Airtel worth up to $2 billion to Bharti Telecom. In a press release, Singtel said, "We would like to make patently clear that we have been strategic investors in Airtel...
Key News - Airtel, Oil and Natural Gas Corporation Ltd, Bharat Petroleum Corporation Ltd, Vedanta Ltd By ARETE Securities
Key News - Airtel, Oil and Natural Gas Corporation Ltd, Bharat Petroleum Corporation Ltd, Vedanta Ltd By ARETE Securities
Source: ARETE Securities Ltd
27/05/2022 9:42:05 AM
Key News - Adani Group, Indian Hotels Co Ltd, Steel Authority of India Ltd, Zomato, Oil and Natural Gas Corporation Ltd By ARETE Securities Key News Adanis commit $75 million in Borouge's $2-billion IPO, says report The Adani family has committed $75 million towards the $2-billion initial public offering of Borouge, set to be the biggest ever listing in the emirate. Seven cornerstone investors have agreed to subscribe for $570 million worth of shares in the IPO, including the Adani family, Abu Dhabi wealth fund ADQ, which will buy shares worth $120 million, and Alpha Dhabi Holding, which has committed $100 million. ...
Key News - Adani Group, Indian Hotels Co Ltd, Steel Authority of India Ltd, Zomato, Oil and Natural Gas Corporation Ltd By ARETE Securities
Key News - Adani Group, Indian Hotels Co Ltd, Steel Authority of India Ltd, Zomato, Oil and Natural Gas Corporation Ltd By ARETE Securities
Source: ARETE Securities Ltd
24/05/2022 9:53:02 AM
ONGC moves up on the BSE Oil & Natural Gas Corporation is currently trading at Rs. 176.10, up by 1.90 points or 1.09% from its previous closing of Rs. 174.20 on the BSE. The scrip opened at Rs. 175.35 and has touched a high and low of Rs. 179.05 and Rs. 175.35 respectively. So far 621716 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 194.60 on 08-Mar-2022 and a 52 week low of Rs. 101.50 on 23-Apr-2021. Last one week high and low of...
ONGC moves up on the BSE
ONGC moves up on the BSE
Source: Accord Fintech
18/04/2022 2:58:17 PM
Reduce Oil and Natural Gas Corporation Ltd For Target Rs.150 - Yes Securities Earnings buoyant on higher crude Our view ONGC’s 3QFY22 operating profit at Rs 148.5bn (+128% YoY; +19% QoQ), stood slightly below our and street estimates, on higher than anticipated operating expenses. The PAT at Rs 87.7bn (+536% YoY; -52% QoQ), nevertheless stood above our and street estimates on higher other income. The QoQ decline is on account of reduction of Rs 85.4bn in deferred taxes in 2QFY22, on introduction of section 115BAA of IT act. We believe that recent rally (+81...
Reduce Oil and Natural Gas Corporation Ltd For Target Rs.150 - Yes Securities
Reduce Oil and Natural Gas Corporation Ltd For Target Rs.150 - Yes Securities
Source: Yes Securities Ltd
19/03/2022 10:53:48 AM
Key News - Coal India Ltd, Amul, Oil and Natural Gas Corporation, Hatsun Agro Products, By ARETE Securities Key News Coal India subsidiary BCCL's output up by record 61% in February to 3.24 mt Coal India's subsidiary BCCL has posted a record 61 per cent growth in its production to 3.24 million tonne (mt) in February this year over the corresponding month last fiscal, a company statement said. Bharat Coking Coal Ltd (BCCL), a Dhanbad-based subsidiary of the Maharatna public sector undertaking, also claimed that it registered the highest offtake growth of around 66 per cent to 2.93 m...
Key News - Coal India Ltd, Amul, Oil and Natural Gas Corporation, Hatsun Agro Products, By ARETE Securities
Key News - Coal India Ltd, Amul, Oil and Natural Gas Corporation, Hatsun Agro Products, By ARETE Securities
Source: ARETE Securities Ltd
7/03/2022 9:43:29 AM
Buy Oil and Natural Gas Corporation Ltd For Target Rs. 180 - Religare Broking Religare Super Idea To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330   Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
Buy Oil and Natural Gas Corporation Ltd For Target Rs. 180 - Religare Broking
Buy Oil and Natural Gas Corporation Ltd For Target Rs. 180 - Religare Broking
Source: Religare Broking Ltd
4/03/2022 10:48:18 AM
Hold Oil and Natural Gas Corporation Ltd For Target Rs.185 - ICICI Direct Higher realisation drives earnings… About the stock: Oil & Natural Gas Corporation (ONGC) is primarily engaged in exploration, development and production of crude oil and natural gas. * ONGC’s crude oil production has been in the range of 54-63% of total domestic oil production in FY11-21 * ONGC also has a play on refining sector via its subsidiaries Q3FY22 Results: ONGC’s Q3FY22 profitability was above estimates on account of lower-than-expected DD&A co...
Hold Oil and Natural Gas Corporation Ltd For Target Rs.185 - ICICI Direct
Hold Oil and Natural Gas Corporation Ltd For Target Rs.185 - ICICI Direct
Source: ICICI Direct
1/03/2022 9:47:29 AM
Buy Oil and Natural Gas Corporation Ltd For Target Rs.225 - Motilal Oswal EBITDA in line; continued production challenges seen ahead * ONGC reported in-line revenue with realization at USD75.4/bbl (+75% YoY, in line) and gas sales at 4.3bcm (-4% YoY). EBITDA also stood in line at INR159.7b (+91% YoY, +21% QoQ). * Management has guided for production of 21mmt/24.3bcm of oil/gas for FY23E and 24mmt/32bcm of oil/gas for FY24E, respectively. Our estimates were already conservative and thus remain unchanged. Further, we build modest production estimates ...
Buy Oil and Natural Gas Corporation Ltd For Target Rs.225 - Motilal Oswal
Buy Oil and Natural Gas Corporation Ltd For Target Rs.225 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
15/02/2022 10:22:40 AM
Key News - ABG Shipyard Ltd, State Bank of India Ltd , Tata Motors , Oil and Natural Gas Corporation , Dr. Reddy's Laboratories By ARETE Securities Key News ABG Shipyard, its directors booked by CBI in Rs 22,842-cr bank fraud case In its biggest bank fraud case, the CBI has booked ABG Shipyard Ltd and its former chairman and managing director Rishi Kamlesh Agarwal along with others for allegedly cheating a consortium of banks led by State Bank of India of over Rs 22,842 crore, officials said on Saturday Besides Agarwal, the agency has also named the then executive director Santhanam Muthaswamy, directors Ashwini Kumar, Sushil Ku...
Key News - ABG Shipyard Ltd, State Bank of India Ltd , Tata Motors , Oil and Natural Gas Corporation , Dr. Reddy's Laboratories By ARETE Securities
Key News - ABG Shipyard Ltd, State Bank of India Ltd , Tata Motors , Oil and Natural Gas Corporation , Dr. Reddy's Laboratories By ARETE Securities
Source: ARETE Securities Ltd
14/02/2022 9:05:43 AM
Key News - Greaves Electric Mobility, NTPC Ltd, Royal Enfield, Reliance Industries Ltd, Oil and Natural Gas Corporation Ltd, FMCG By ARETE Securities Key News Greaves Electric Mobility sells over 10,000 units in December 2021 Greaves Cotton's e-mobility arm Greaves Electric Mobility on Sunday said it sold over 10,000 units in December 2021, with the e-three-wheelers clocking a 101 per cent growth in sales a year ago. Greaves Electric Mobility strengthens its position as a market leader in both E-2W and E-3W segments, with Ampere reporting a record almost 6X growth in revenue in December 2021 compared to the same month last year a...
Key News - Greaves Electric Mobility, NTPC Ltd, Royal Enfield, Reliance Industries Ltd, Oil and Natural Gas Corporation Ltd, FMCG By ARETE Securities
Key News - Greaves Electric Mobility, NTPC Ltd, Royal Enfield, Reliance Industries Ltd, Oil and Natural Gas Corporation Ltd, FMCG By ARETE Securities
Source: ARETE Securities Ltd
3/01/2022 10:01:41 AM
Buy Oil and Natural Gas Corporation Ltd For Target Rs.195 - Motilal Oswal EBITDA in-line; production challenges continue * ONGC reported revenue 6% below our estimate on lower realization (-5% est., at USD69.4/bbl) and gas sales (-6% est., 4.3bcm), although EBITDA was in-line (at INR132b). * The company highlighted that oil and gas production declined in 1HFY22, primarily due to restrictive conditions created by cyclone Tauktae as well as the impact of COVID. Further delay in the mobilization of MOPU to the WO-16 Cluster project impacted production from this ...
Buy Oil and Natural Gas Corporation Ltd For Target Rs.195 - Motilal Oswal
Buy Oil and Natural Gas Corporation Ltd For Target Rs.195 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
11/12/2021 10:26:24 AM
Key News - Oil and Natural Gas Corporation Ltd, BSNL, Bharti Airtel Ltd, Paytm By ARETE Securities Key News ONGC union protests Centre's proposal to give away Mumbai High fields The petroleum ministry's proposal to give away ONGC's biggest oil and gas fields to foreign companies has met with strong resistance from the officers union of the company, which has said that the government should empower and give the company a level-playing field rather than giving away its prime assets to the private sector on a platter. The Association of Scientific & Technical Offices of...
Key News - Oil and Natural Gas Corporation Ltd, BSNL, Bharti Airtel Ltd, Paytm By ARETE Securities
Key News - Oil and Natural Gas Corporation Ltd, BSNL, Bharti Airtel Ltd, Paytm By ARETE Securities
Source: ARETE Securities Ltd
22/11/2021 9:38:30 AM
ONGC, Saudi Aramco sign feedstock and marketing MoU  To explore a strategic alliance on a broad range of energy prospects, public sector oil and gas explorer Oil and Natural Gas Corporation Limited (ONGC) has inked a Memorandum of Understanding (MoU) with world's largest oil company Saudi Aramco. The two energy companies will look into long-term supply contracts for the sale and purchase of crude, refined petroleum and petrochemical products to create secure and competitive energy sources for the Indian market. Both the entities...
ONGC, Saudi Aramco sign feedstock and marketing MoU
ONGC, Saudi Aramco sign feedstock and marketing MoU
Source: IANS
19/11/2021 9:59:46 AM
Reduce Oil and Natural Gas Corporation Ltd For Target Rs.145 - Yes Securities Strong crude shores up earnings Our view ONGC’s 2QFY22 operating profit at Rs 125.3bn, stood slightly below our and street estimates. The miss on our estimates stemmed primarily from lower than estimated crude production and realization. The PAT at Rs 183.5bn, nevertheless stood above our and street estimates on account of reduction of Rs 85.4bn in deferred taxes, on introduction of section 115BAA of IT act. We believe that recent rally (+123.3% in 12M & 35% in 3M) in ONGC&rsq...
Reduce Oil and Natural Gas Corporation Ltd For Target Rs.145 - Yes Securities
Reduce Oil and Natural Gas Corporation Ltd For Target Rs.145 - Yes Securities
Source: Yes Securities Ltd
16/11/2021 9:40:12 AM