ONGC down nearly 3% as profit dips

ONGC down nearly 3% as profit dips

 Shares of Oil and Natural Gas Corp (ONGC) today fell by nearly 3 percent as the state-run firm reported a 11 per cent drop in September quarter net profit.

ONGC shares reverse early losses; settle in green on bourses

The stock slumped 4.51 percent to Rs 313.30 on BSE and was the top Sensex loser. On NSE, the stock went down 4.48 percent to Rs 313.20.

MRPL raises stake in ONGC Mangalore Petrochemicals to 46%

The company, a subsidiary of Oil and Natural Gas Corp (ONGC), bought some 25,000 equity shares of Rs 10 each from mostly employees.

ONGC to pay 100% dividend

Oil and gas major ONGC Saturday approved an interim dividend of 100 percent after its board meeting.

Govt to sell 5% stake in ONGC, to fetch Rs 17,000 cr

The Department of Disinvestment is understood to have floated a Cabinet note for inter-ministerial consultation to take forward the ONGC stake sale.

BPCL, ONGC shares gain on Mozambique asset hopes

Anadarko revised the total estimated recoverable resources from its Offshore Area 1 (Rovuma basin) to a range of 50 to 70-plus trillion cubic feet of natural gas from 45-70 plus tcf earlier.

ONGC gains on broker upgrades

ONGC shares gain 0.86 percent after Barclays and Credit Suisse upgrade the state-run refiner.

ONGC shares gain nearly 4% on BSE

Shares of Oil and Natural Gas Corp Tuesday closed up by nearly 4 percent as the company along with Oil India Ltd announced buying of Videocon Industries' 10 percent stake in a giant Mozambique gas field for USD 2.5 billion.

ONGC shares fall nearly 3% post March quarter results

Shares of state-owned Oil and Natural Gas Corp (ONGC) on Thursday fell by nearly 3 percent as the company reported a 40 percent drop in its March quarter net profit.

Outcome of ONGC auction tarnished PSU's image: Moody's

Ratings agency Moody's on Monday said the result of the government stake auction in ONGC has tarnished the image of the oil major.

LIC bought 37.71 cr shares of ONGC; stake goes up to 9.48%

ONGC Monday said LIC picked up 37.71 crore shares in the company during the auction last week and its total holding has gone up to 9.48 percent.

Value of LIC investment in ONGC slips by Rs 900 cr in 2 days

State-owned insurance giant LIC, which saved the much-hyped ONGC share auction, has lost around Rs 900 crore in market value of the acquired stake in the oil major in just two trading sessions after the Offer for Sale (OFS) on Thursday.

Auction route is OK, but will study ONGC issue: Divestment Secy

Undeterred by the criticism over ONGC auction issue, the Disinvestment Department on Friday said it is comfortable with the process and would consider selling government equity in more PSUs through the same method.

LIC shelled out Rs 12,000 crore to bail out ONGC

State-owned LIC saved the ONGC issue, first-ever stake sale of government equity through the auction route, by pumping in over Rs 12,000 crore and picking up 95 percent of the total shares put on the block.

No glitch at exchange platforms in ONGC auction, say bourses

Leading bourses NSE and BSE have said that their systems operated normally without any glitches during the auction for ONGC shares and some bids got initially rejected due to problems outside the exchange platforms.

Auctioned ONGC scrips averaged Rs 303 a share

The government Friday said it received an average price of Rs 303.67 for a share of ONGC, 4.71 percent higher than the reserve price in yesterday's auction, thus garnering a total of Rs 12,766.75 crore.

Day after stake sale: ONGC shares slip 4%

ONGC shares fell about four percent in the early trade Friday -- a day after the government managed to succeed with nearly five percent stake sale in the public sector energy giant for about Rs 12,600 crore.

Govt says ONGC auction a success, LIC emerges saviour

After some hiccups and a late government intervention, the sale of government's 5 percent stake in ONGC through an auction finally managed to sail through with an estimated proceeds of about Rs 12,000 crore to partly meet the disinvestment target of current fiscal.

ONGC shares turn weak as bids pour in for govt stake sale

Shares of ONGC on Thursday began trading with modest gains in a weak market, as the government began sale of its 5 percent stake in the public sector energy giant through a one-day auction process on the bourses.

ONGC stock gains over 3% ahead of share sale

The government on Tuesday decided to offload five percent stake in ONGC through the auction route on March 1 at a floor price of Rs 290 a share. The planned sale of ONGC shares could fetch the government about Rs 12,000-13,000 crore.