1. Homepage
  2. Equities
  3. India
  4. NSE India Stock Exchange
  5. Oil and Natural Gas Corporation Limited
  6. News
  7. Summary
    ONGC   INE213A01029

OIL AND NATURAL GAS CORPORATION LIMITED

(ONGC)
  Report
Delayed NSE India Stock Exchange  -  12:09 2022-08-08 am EDT
136.00 INR   -0.37%
08/05OIL AND NATURAL GAS : With 267 para athletes from Oil and Gas public enterprises inspiring spectators, 4th ONGC Para Games concludes
PU
08/04Oil and Natural Gas Corporation Limited Proposes Final Dividend for the Financial Year 2021-22
CI
08/02PETROLEUM MINISTER INAUGURATES 4TH ONGC PARA GAMES : 275 PwD employees of Oil and Gas public enterprises participate
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Banking, auto boost set Indian shares for first weekly gain in three

06/24/2022 | 01:34am EDT

BENGALURU, June 24 (Reuters) - Financials and automakers lifted Indian shares on Friday, setting the blue-chip indexes on course for their first weekly gain in three, as a slide in commodity prices offered some respite from broadening inflationary pressures.

The price drop in commodities have made for some relief in equities since energy and food have been the drivers of inflation.

The NSE Nifty 50 index was up 0.71% at 15,666.75, as of 0458 GMT, while the S&P BSE Sensex climbed 0.66% to 52,610.61. If gains hold, the blue-chip indexes are set to post weekly gains of more than 2.5% each.

"U.S. recessionary fears are still at the forefront, but the slide in commodity prices has lifted sectors such as automakers and FMCG in India on expectations that margin pressures will ease," said Ajay Bodke, an independent market analyst.

Prices of copper, a bellwether for economic output with its wide range of industrial and construction uses, are headed for their worst week in a year, while oil prices have slid on concerns over a slowdown in demand.

"Crude prices will need to be watched closely, any rebound in oil to $120 levels will see concerns about fragility in macroeconomic conditions return to haunt investors," Bodke said.

Cheaper oil tends to benefit oil-importing countries such as India.

Still, weakening growth momentum, depreciation in the rupee and strong domestic inflows could mean foreign investors might not be in a rush to return to Indian equities, Societe Generale analysts wrote in a note dated Thursday.

Foreign investors have sold a net $5.62 billion worth of Indian equities so far this month, already surpassing outflows of $5.18 billion from May.

The Nifty Auto index climbed 1.6% to a three-week high on Friday after jumping 4.4% in the previous session, while the Nifty FMCG index advanced 1.5%.

The Nifty Bank index rose as much as 1.7%, led by a 3.9% jump in private-sector lender IndusInd Bank.

Shares of ONGC climbed up to 4.6% after the oil explorer said its unit struck oil in an onshore block in Colombia.

Hero MotoCorp rose 3.5% to an over three-week high after the two-wheeler maker said it would hike prices by up to 3,000 rupees to counter rapid inflation.

(Reporting by Chris Thomas in Bengaluru; additional reporting by Gaurav Dogra; Editing by Shailesh Kuber and Sherry Jacob-Phillips)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
HERO MOTOCORP LIMITED -1.33% 2769.25 End-of-day quote.12.51%
INDUSIND BANK LIMITED -1.30% 1036.4 End-of-day quote.16.76%
LONDON BRENT OIL 1.59% 95.36 Delayed Quote.20.17%
NIFTY 50 0.20% 17429.9 Delayed Quote.0.25%
NIFTY BANK 0.44% 37863.45 Delayed Quote.6.87%
OIL AND NATURAL GAS CORPORATION LIMITED -0.37% 136 Delayed Quote.-4.14%
SENSEX BSE30 0.15% 58387.93 Real-time Quote.0.23%
WTI 1.54% 89.355 Delayed Quote.16.80%
All news about OIL AND NATURAL GAS CORPORATION LIMITED
08/05OIL AND NATURAL GAS : With 267 para athletes from Oil and Gas public enterprises inspiring..
PU
08/04Oil and Natural Gas Corporation Limited Proposes Final Dividend for the Financial Year ..
CI
08/02PETROLEUM MINISTER INAUGURATES 4TH O : 275 PwD employees of Oil and Gas public enterprises..
PU
07/30Tullow Oil in talks with Indian groups over Kenyan project
RE
07/29Jindal Drilling to Deploy Jack-up Rig for Oil & Natural Gas Corp.
MT
07/26Oil & Natural Gas Signs MoU with Greenko to Work on Green Hydrogen
MT
07/26OIL AND NATURAL GAS : ONGC to make Green Hydrogen; inks MoU with India's leading renewable..
PU
07/20Oil & Natural Gas Appoints New Managing Director for Overseas Investment Arm
MT
07/20Ador Welding Secures $18 Million Contract from ONGC
MT
07/20Tech, energy stocks propel Indian shares to over six-week high
RE
More news
Analyst Recommendations on OIL AND NATURAL GAS CORPORATION LIMITED
More recommendations
Financials
Sales 2023 6 234 B 78 527 M 78 527 M
Net income 2023 478 B 6 027 M 6 027 M
Net Debt 2023 835 B 10 518 M 10 518 M
P/E ratio 2023 3,60x
Yield 2023 10,5%
Capitalization 1 717 B 21 629 M 21 629 M
EV / Sales 2023 0,41x
EV / Sales 2024 0,43x
Nbr of Employees 28 479
Free-Float 29,6%
Chart OIL AND NATURAL GAS CORPORATION LIMITED
Duration : Period :
Oil and Natural Gas Corporation Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends OIL AND NATURAL GAS CORPORATION LIMITED
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 136,50 INR
Average target price 180,23 INR
Spread / Average Target 32,0%
EPS Revisions
Managers and Directors
Alka Mittal Chairman, MD & Director-Human Resources
Pomila Jaspal Chief Financial Officer & Finance Director
Om Prakash Singh Director, Director-Technical & Field Services
Rajni Kant Secretary & Compliance Officer
V. Ajit Kumar Raju Independent Director
Sector and Competitors