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Central PSUs record 47 per cent jump in net profit for 2023-24, market cap doubles Overall Net Profit of operating Central Public Sector Enterprises (CPSEs) rose to Rs 3.22 lakh crore in FY24 as against Rs 2.18 lakh crore in FY23 showing an increase of over 47 per cent, according to an official report.  The market capitalisation of CPSEs more than doubled in Fiscal Year 2024-25 as compared to Fiscal Year 2023-24, the report said. The major contributors to the increase in market cap are NTPC Ltd, Oil & Natural Gas Corporation Ltd, Hindustan Aeronautics Ltd...
Central PSUs record 47 per cent jump in net profit for 2023-24, market cap doubles
Central PSUs record 47 per cent jump in net profit for 2023-24, market cap doubles
Source: IANS
2024-12-22 12:47:49 pm
Buy Oil and Natural Gas Corporation Ltd For Target Rs.330 By Motilal Oswal Financial Services Ltd Volume growth key catalyst in FY26 * ONGC’s reported EBITDA stood at INR182b (flat YoY) in 2QFY25, in line with our estimate. PAT was 30% above our estimate, mainly aided by higher other income. In the conference call, the management highlighted that gas from new wells from nominated blocks will be priced at 12% slope to the Indian crude basket price. The management also expressed confidence that ONGC Petro-Additions Limited (OPaL) will see a turnaround in FY26 amid lower interest c...
Buy Oil and Natural Gas Corporation Ltd For Target Rs.330 By Motilal Oswal Financial Services Ltd
Buy Oil and Natural Gas Corporation Ltd For Target Rs.330 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-12-02 03:22:16 pm
Buy Oil and Natural Gas Corporation Ltd For Target Rs.355 By Yes Securities Ltd EBITDA meets estimates; production subpar, while PAT marginally beats on lower taxes ONGC’s Q2FY25 earnings saw in line EBITDA despite a lower crude and gas production and sales. The crude net realization was higher than our estimated while PAT marginally beats on lower taxes. Crude production experienced YoY & QoQ decline, and natural gas saw YoY decline but marginal QoQ recovery, an increase in production from both oil & gas, especially from KG basin remains the key. Other ...
Buy Oil and Natural Gas Corporation Ltd For Target Rs.355 By Yes Securities Ltd
Buy Oil and Natural Gas Corporation Ltd For Target Rs.355 By Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-19 10:15:58 am
Stock Picks : Oil and Natural Gas Corporation Ltd And DLF Ltd By ICICI Direct Oil and Natural Gas Corporation Ltd Buy Oil and Natural Gas Corporation Ltd @ 289.50-290.50 Target 293.50 Stop Loss 288.40   DLF Ltd Sell DLF Ltd @ 869-871 Target 862.00 Stop Loss 875.40   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631    
Stock Picks : Oil and Natural Gas Corporation Ltd And DLF Ltd By ICICI Direct
Stock Picks : Oil and Natural Gas Corporation Ltd And DLF Ltd By ICICI Direct
Source: ICICI Direct
2024-10-04 11:38:15 am
Buy Oil and Natural Gas Corporation Ltd For Target Rs. 391 By Yes Securities EBITDA marginally better than our estimates; while production and PBT in line Our View ONGC’s Q1FY25 earnings saw marginally higher-than-estimated EBITDA on better other value-added product sales while crude and gas production was in line. The crude net realization was lower than our estimated while PBT was in line. Crude production experienced YoY & QoQ declines and the same with natural gas, an increase in production from both oil & gas, especially from KG basin remains the...
Buy Oil and Natural Gas Corporation Ltd For Target Rs. 391 By Yes Securities
Buy Oil and Natural Gas Corporation Ltd For Target Rs. 391 By Yes Securities
Source: Yes Securities Ltd
2024-08-19 05:39:22 pm
Stock of the day : Oil and Natural Gas Corporation Ltd For Target Rs.304 - Religare Broking Oil and Natural Gas Corporation Ltd. * ONGC has remained in a corrective phase from past more than 3 months after witnessing stellar run. * The stock has recorded a breakout from intermediate falling resistance trendline and brief consolidation range. * Considering price action and uptick in volume, prices looks set to register a breakout to record high levels. * Traders can consider fresh longs in the mentioned range.   Buy Oil and Natural Gas Corporation Ltd ...
Stock of the day : Oil and Natural Gas Corporation Ltd For Target Rs.304 - Religare Broking
Stock of the day : Oil and Natural Gas Corporation Ltd For Target Rs.304 - Religare Broking
Source: Religare Broking
2024-07-08 10:48:51 am
Stock of the day : Oil and Natural Gas Corporation Ltd. For Target Rs.300 - Religare Broking Oil and Natural Gas Corporation Ltd. *  We are seeing strong action in the PSU basket and ONGC is expected to witness fresh upward momentum hereon. *  After a strong rally, stock has been witnessing price and time wise correction from last more than 2 months. *  Following price action and volumes activity, price looks set to register a breakout from the corrective phase and resume its prior trend. *  Traders can consider fresh longs in the mentioned range. ...
Stock of the day : Oil and Natural Gas Corporation Ltd. For Target Rs.300 - Religare Broking
Stock of the day : Oil and Natural Gas Corporation Ltd. For Target Rs.300 - Religare Broking
Source: Religare Broking Ltd
2024-05-24 10:19:56 am
Views on Oil and Natural Gas Ltd. Q4 FY24 Result by D.K. Mudaraddi, Research Analyst, Stoxbox Below the Views on Oil and Natural Gas Ltd. Q4 FY24 Result by D.K. Mudaraddi, Research Analyst, Stoxbox   Oil and Natural Gas Ltd. Q4FY24 Result First Cut - Higher crude production and realization led growth. The company reported a rise in its consol. revenue from operations of 1.9% YoY / up 0.1% QoQ to Rs. 1,69,875 crores owing to higher crude oil production of 2.4% YoY to 5.359 MMT. Gas production decreased 3% YoY to 5.101 BCM in Q4FY24. Consol. EBITDA rose 5.3% YoY ...
Views on Oil and Natural Gas Ltd. Q4 FY24 Result by D.K. Mudaraddi, Research Analyst, Stoxbox
Views on Oil and Natural Gas Ltd. Q4 FY24 Result by D.K. Mudaraddi, Research Analyst, Stoxbox
Source: PR Agency
2024-05-21 05:23:45 pm
Stock of the day : Oil and Natural Gas Corporation Ltd Ltd For Target Rs. 294 - Religare Broking Oil and Natural Gas Corporation Ltd * After reaching its peak, the stock consolidated for nearly a month creating a strong base at higher levels. * The stock has registered a breakout from the pennant pattern with significant rise in volumes. * It has also formed a fresh buying pivot while holding above its short term moving average. * Following price action and volumes activity, price is set to resume its prevailing trend. Buy Hero Oil and Natural Gas Corporation Ltd ...
Stock of the day : Oil and Natural Gas Corporation Ltd Ltd For Target Rs. 294 - Religare Broking
Stock of the day : Oil and Natural Gas Corporation Ltd Ltd For Target Rs. 294 - Religare Broking
Source: Religare Broking Ltd
2024-04-16 09:26:44 am
Oil companies stocks fall as government hikes windfall tax on petroleum crude Oil exploration & production companies stocks fell on the BSE after the government hiked the windfall tax on petroleum crude to Rs 6,800 a metric ton from Rs 4,900 with effect from April 4. The windfall tax, which is revised fortnightly, remains at zero for diesel and aviation turbine fuel. The government has raised its windfall tax on petroleum crude for the fifth time since February. On March 15, the government raised the windfall tax on petroleum crude to Rs 4,900 a metric ton from Rs ...
Oil companies stocks fall as government hikes windfall tax on petroleum crude
Oil companies stocks fall as government hikes windfall tax on petroleum crude
Source: Accord Fintech
2024-04-04 03:10:36 pm
GAIL, ONGC & Shell sign pact for ethane import in Gujarat`s Hazira GAIL (India) Limited, Oil and Natural Gas Corporation (ONGC) and Shell Energy India (SEI) Private Limited on Thursday signed a tripartite memorandum of understanding (MoU) to explore opportunities for import of ethane and other hydrocarbons and development of evacuation infrastructure at Shell Energy Terminal in Gujarat's Hazira port. Earlier, GAIL had entered into a bilateral MoU with SEI for scouting opportunities in different facets of energy cooperation, wherein a feasibility study...
GAIL, ONGC & Shell sign pact for ethane import in Gujarat`s Hazira
GAIL, ONGC & Shell sign pact for ethane import in Gujarat`s Hazira
Source: IANS
2024-03-08 09:28:14 am
L&T rises as its Hydrocarbon Business secures order from ONGC Larsen & Toubro is currently trading at Rs. 3667.95, up by 24.30 points or 0.67% from its previous closing of Rs. 3643.65 on the BSE. The scrip opened at Rs. 3651.25 and has touched a high and low of Rs. 3671.55 and Rs. 3643.05 respectively. So far 40592 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3738.90 on 30-Jan-2024 and a 52 week low of Rs. 2108.00 on 13-Mar-2023. Last one week high and low of the sc...
L&T rises as its Hydrocarbon Business secures order from ONGC
L&T rises as its Hydrocarbon Business secures order from ONGC
Source: Accord Fintech
2024-03-07 11:34:20 am
India sees $4.95 billion investment for natural gas network in Kashmir, northeast India expects investment of about 410 billion rupees ($4.95 billion) from companies to build natural gas pipeline infrastructure in its northeastern states and northern federal territories of Kashmir and Ladakh, a minister said on Monday. India, one of the world's biggest emitters of greenhouse gases, is seeking to boost the use of cleaner fuel to cut its carbon emissions and has set a 2070 goal for net zero carbon emissions. Prime Minister Narendra Modi is targeting raising the sha...
India sees $4.95 billion investment for natural gas network in Kashmir, northeast
India sees $4.95 billion investment for natural gas network in Kashmir, northeast
Source: Reuters
2024-03-05 09:21:15 am
ONGC rises on getting nod to form joint ventures for setting-up compressed bio gas Plants Oil & Natural Gas Corporation is currently trading at Rs. 277.65, up by 1.00 points or 0.36% from its previous closing of Rs. 276.65 on the BSE. The scrip opened at Rs. 276.45 and has touched a high and low of Rs. 279.45 and Rs. 275.90 respectively. So far 373005 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 281.05 on 20-Feb-2024 and a 52 week low of Rs. 146.70 on 28-Mar-2023. Last one week high and low of...
ONGC rises on getting nod to form joint ventures for setting-up compressed bio gas Plants
ONGC rises on getting nod to form joint ventures for setting-up compressed bio gas Plants
Source: Accord Fintech
2024-02-21 11:36:09 am
State-backed Oil India`s third-quarter profit falls on lower crude prices State-run explorer Oil India reported a 9.3% fall in third-quarter profit on Tuesday, hit by lower prices for crude oil and a windfall tax levied by the government. Standalone profit was 15.84 billion rupees ($191 million) for the quarter ended Dec. 31, compared with 17.46 billion rupees a year earlier. Average crude prices fell 6.5% in the December quarter, as per LSEG data. The Indian government's windfall tax on crude oil producers since July 2022 has also hurt its bottom line. ...
State-backed Oil India`s third-quarter profit falls on lower crude prices
State-backed Oil India`s third-quarter profit falls on lower crude prices
Source: Reuters
2024-02-13 05:30:57 pm
ONGC declines on reporting 8% fall in Q3 consolidated net profit Oil & Natural Gas Corporation is currently trading at Rs. 258.90, down by 8.05 points or 3.02% from its previous closing of Rs. 266.95 on the BSE. The scrip opened at Rs. 262.40 and has touched a high and low of Rs. 266.50 and Rs. 257.00 respectively. So far 496003 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 275.65 on 08-Feb-2024 and a 52 week low of Rs. 144.80 on 10-Feb-2023. Last one week high and low ...
ONGC declines on reporting 8% fall in Q3 consolidated net profit
ONGC declines on reporting 8% fall in Q3 consolidated net profit
Source: Accord Fintech
2024-02-12 12:39:31 pm
Petrobras in talks for projects with Gulf, Indian, Chinese firms, CEO says Brazil's state-run Petrobras is in talks with other national oil companies in China, India and the Middle East, including Kuwait Petroleum and Qatar Energy, to collaborate on energy projects, its chief executive said on Wednesday. The company is also keen to work with neighbouring Venezuela, Jean Paul Prates told Reuters on the sidelines of the India Energy Week event in the state of Goa. "We have two groups of Asian countries that we're interacting very much right now and ...
Petrobras in talks for projects with Gulf, Indian, Chinese firms, CEO says
Petrobras in talks for projects with Gulf, Indian, Chinese firms, CEO says
Source: Reuters
2024-02-07 04:45:55 pm
Stock Picks : Oil and Natural Gas Corporation Ltd And Aurobindo Pharma Ltd By ICICI Direct Oil and Natural Gas Corporation Ltd Buy Oil and Natural Gas Corporation Ltd @233-234; Target 236.50 ; Stop Loss 231.70     Aurobindo Pharma Ltd Buy Aurobindo Pharma Ltd @1124-1126; Target 1137.80 ; Stop Loss 1118.70   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631    
Stock Picks : Oil and Natural Gas Corporation Ltd And Aurobindo Pharma Ltd By ICICI Direct
Stock Picks : Oil and Natural Gas Corporation Ltd And Aurobindo Pharma Ltd By ICICI Direct
Source: ICICI Direct
2024-01-19 10:05:42 am
India`s ONGC arm gets $420 million loan from DBS Bank, Bank of Baroda India's ONGC Videsh, the overseas investment unit of the country's top explorer, Oil and Natural Gas Corp, has received a five-year $420 million loan from DBS Bank and Bank of Baroda, a company spokesperson said on Thursday. The loan will strengthen ONGC Videsh's available cash as it contends with shrinking free cash. Merchant bankers said last month that the company was likely to issue bonds to raise funds, and Venezuela provided some respite in January by agreeing to give ...
India`s ONGC arm gets $420 million loan from DBS Bank, Bank of Baroda
India`s ONGC arm gets $420 million loan from DBS Bank, Bank of Baroda
Source: Reuters
2024-01-18 01:55:48 pm
ONGC jumps on making back-to-back gas discoveries in Mahanadi basin deepwater block Oil & Natural Gas Corporation is currently trading at Rs. 238.20, up by 4.65 points or 1.99% from its previous closing of Rs. 233.55 on the BSE. The scrip opened at Rs. 234.95 and has touched a high and low of Rs. 239.00 and Rs. 232.75 respectively. So far 1005830 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 239.00 on 16-Jan-2024 and a 52 week low of Rs. 140.10 on 03-Feb-2023. Last one week high and low o...
ONGC jumps on making back-to-back gas discoveries in Mahanadi basin deepwater block
ONGC jumps on making back-to-back gas discoveries in Mahanadi basin deepwater block
Source: Accord Fintech
2024-01-16 12:42:42 pm
ONGC, OIL to gain as government cuts windfall tax on crude oil The Union government has reduced the windfall tax on petroleum crude to Rs 1,700 per tonne from Rs 2,300 a tonne in its fortnightly revision as oil prices have come down in the international market.oil The reduction which comes into effect from Tuesday while benefit upstream oil companies ONGC and Oil India Ltd as their tax outgo on sales of crude will come down. The government had first imposed the windfall tax on crude oil in July last year amid soaring crude oil prices. It also ex...
ONGC, OIL to gain as government cuts windfall tax on crude oil
ONGC, OIL to gain as government cuts windfall tax on crude oil
Source: IANS
2024-01-16 12:17:31 pm
ONGC starts producing oil from deep-sea KG basin  Oil and Natural Gas Corporation (ONGC) has started oil production from its Krishna Godavari (KG) basin deep-sea project in Bay of Bengal, which will enable India to reverse the decline in the domestic output that has taken place in recent years. Petroleum Minister Hardeep Singh Puri on Monday said, "Production from the block is expected to be 45,000 barrels per day and over 10 million standard cubic metres per day of gas. “This project is expected to add 7 per cent to c...
ONGC starts producing oil from deep-sea KG basin
ONGC starts producing oil from deep-sea KG basin
Source: IANS
2024-01-08 12:53:46 pm
ONGC gains on commencing `First Oil` production from KG-DWN-98/2 Deepwater block in Krishna Godavari Oil & Natural Gas Corporation is currently trading at Rs. 219.95, up by 3.55 points or 1.64% from its previous closing of Rs. 216.40 on the BSE. The scrip opened at Rs. 218.80 and has touched a high and low of Rs. 220.30 and Rs. 217.65 respectively. So far 335313 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 220.30 on 08-Jan-2024 and a 52 week low of Rs. 140.10 on 03-Feb-2023. Last one week high and low of...
ONGC gains on commencing `First Oil` production from KG-DWN-98/2 Deepwater block in Krishna Godavari
ONGC gains on commencing `First Oil` production from KG-DWN-98/2 Deepwater block in Krishna Godavari
Source: Accord Fintech
2024-01-08 10:36:41 am
Exclusive-India set to halve oil refiners` FY24 energy transition equity support  India plans to halve the amount of equity investment to $1.8 billion for 2023/24 to help fund three state oil refiners' green energy projects, four government and industry sources said, as the federal government seeks to curb its fiscal deficit. Asia's third largest economy, facing an over 40% shortfall in collecting revenues from stake sales in state-run companies, is prioritising spending to try to limit its fiscal deficit to 5.9% of GDP for this fiscal year to the end of M...
Exclusive-India set to halve oil refiners` FY24 energy transition equity support
Exclusive-India set to halve oil refiners` FY24 energy transition equity support
Source: Reuters
2024-01-05 09:33:28 am
Venezuela offers oil to help ONGC Videsh recover $600 mn dues Venezuela has agreed to give oil to ONGC Videsh to help the Indian public sector company recover its $600 million dues as dividend for the stake that it holds in an oilfield in the Latin American country, Petroleum Secretary Pankaj Jain said on Wednesday. ONGC Videsh (OVL), the overseas investment arm of ONGC, holds a 40 per cent stake in the San Cristobal field in eastern Venezuela's Orinoco Heavy Oil belt, in which Venezuela's state oil company PdVSA holds the majority share. ...
Venezuela offers oil to help ONGC Videsh recover $600 mn dues
Venezuela offers oil to help ONGC Videsh recover $600 mn dues
Source: IANS
2024-01-03 11:36:16 am
ONGC declares interim dividend as Q2 net profit surges to Rs 13,734 crore Oil and Natural Gas Corporation (ONGC) on Friday reported a 65.5 per cent year-on-year increase in consolidated net profit to Rs 13,734 crore for the July-Sept quarter of the current financial year due to a reduction in costs. Revenue from operations, however, dropped by 13 per cent on year to Rs 1.47 lakh crore from Rs 1.68 lakh crore in the same period last year. The board has recommended an interim dividend of Rs 5.75 per share for the current financial year. The company has fixed No...
ONGC declares interim dividend as Q2 net profit surges to Rs 13,734 crore
ONGC declares interim dividend as Q2 net profit surges to Rs 13,734 crore
Source: IANS
2023-11-11 09:21:24 am
Stock of the day : Oil and Natural Gas Corporation Ltd For Target Rs.200 - Religare Broking Ltd Oil and Natural Gas Corporation Ltd  * ONGC has been in steady upmove from last more than 5 months and trading near 52 week high levels. * Post steady upmove, it is now consolidating in a defined range holding above its short term moving average ribbon. * Price action coupled with positive positioning of momentum indicator suggests bullish tone to continue. * We thus recommend creating fresh longs in the mentioned zone. BUY Oil and Natural Gas Corporation Ltd &nbs...
Stock of the day : Oil and Natural Gas Corporation Ltd For Target Rs.200 - Religare Broking Ltd
Stock of the day : Oil and Natural Gas Corporation Ltd For Target Rs.200 - Religare Broking Ltd
Source: Religare Broking Ltd
2023-10-31 10:17:10 am
ONGC gains on winning bid to acquire PTC`s wind power unit for Rs 925 crore Oil & Natural Gas Corporation is currently trading at Rs. 185.00, up by 0.20 points or 0.11% from its previous closing of Rs. 184.80 on the BSE.The scrip opened at Rs. 184.80 and has touched a high and low of Rs. 185.80 and Rs. 184.00 respectively. So far 97563 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 192.25 on 29-Sep-2023 and a 52 week low of Rs. 129.90 on 25-Oct-2022.Last one week high and low of the scrip stood at R...
ONGC gains on winning bid to acquire PTC`s wind power unit for Rs 925 crore
ONGC gains on winning bid to acquire PTC`s wind power unit for Rs 925 crore
Source: Accord Fintech
2023-10-25 12:42:48 pm
India`s ONGC Videsh keen on Sri Lankan oil and gas blocks India's Oil and Natural Gas Corp is interested in the exploration of oil and gas blocks in Sri Lanka, a company executive said on Wednesday.The company was awaiting an announcement of the oil and gas 'roadmap' of the island nation, Rajarshi Gupta, managing director of ONGC Videsh, told reporters at an industry event.ONGC Videsh is an overseas investment arm of state-run ONGC.ONGC Videsh is open to having deals through government-to-government negotiations as well as through competitive biddin...
India`s ONGC Videsh keen on Sri Lankan oil and gas blocks
India`s ONGC Videsh keen on Sri Lankan oil and gas blocks
Source: Reuters
2023-10-11 06:13:36 pm
Stock Picks : Sun Pharmaceutical Industries Ltd And Oil and Natural Gas Corporation Ltd By ICICI Direct Sun Pharmaceutical Industries Ltd Buy Sun Pharmaceutical Industries Ltd @1121-1123; Target 1135.00; Stop Loss 1115.80Oil and Natural Gas Corporation LtdBuy Oil and Natural Gas Corporation Ltd @183.50-184.00; Target 181.80; Stop Loss 185.30Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631 
Stock Picks : Sun Pharmaceutical Industries Ltd And Oil and Natural Gas Corporation Ltd By ICICI Direct
Stock Picks : Sun Pharmaceutical Industries Ltd And Oil and Natural Gas Corporation Ltd By ICICI Direct
Source: ICICI Direct
2023-10-05 10:54:50 am
ONGC rises on inking MoU with NTPC Green Energy Oil and Natural Gas Corporation is currently trading at Rs. 188.15, up by 0.90 points or 0.48% from its previous closing of Rs. 187.25 on the BSE.The scrip opened at Rs. 188.75 and has touched a high and low of Rs. 189.25 and Rs. 187.25 respectively. So far 171549 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 191.55 on 15-Sep-2023 and a 52 week low of Rs. 121.50 on 28-Sep-2022.Last one week high and low of the scrip stood at Rs...
ONGC rises on inking MoU with NTPC Green Energy
ONGC rises on inking MoU with NTPC Green Energy
Source: Accord Fintech
2023-09-28 10:44:49 am