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    ONGC   INE213A01029

OIL AND NATURAL GAS CORPORATION LIMITED

(ONGC)
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Delayed NSE India Stock Exchange  -  07:23 2022-08-17 am EDT
139.65 INR   -0.21%
08:44aOIL AND NATURAL GAS : ONGC inks Heads of Agreement with ExxonMobil for Deepwater exploration in Indian East and West coasts
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08:16aONGC inks agreement with ExxonMobil for deepwater exploration in India
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05:29aNomura Adjusts Oil & Natural Gas Corp.'s Price Target to 155 Indian Rupees From 185 Rupees, Keeps at Neutral
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Indian shares end lower as energy, metals slip

06/15/2022 | 06:48am EDT

BENGALURU, June 15 (Reuters) - India's main indexes ended lower on Wednesday, dragged down by energy and metals sectors, with investors eyeing the U.S. Federal Reserve's rate hike decision later in the day.

The NSE Nifty 50 index closed down 0.25% at 15,692.15, while the BSE index ended 0.3% lower at 52,541.39.

Analysts largely expect a 50-basis-point hike at the Fed's meeting, but the possibility of a 75-bp raise has also grown after Friday's higher-than-expected consumer price index (CPI) data for May.

The spotlight on the U.S. central bank's decision comes after the Reserve Bank of India last week raised its key interest rate by 50 basis points as widely expected, in a bid to cool high inflation in Asia's third-largest economy.

The country's wholesale inflation for May surged 15.88% in May, while retail inflation eased to 7.04%, data showed earlier this week.

Among individual sectors and shares, the Nifty energy index dropped 1.2%, with Oil and Natural Gas Corp down about 3% while NTPC Ltd shed 2.2%.

"People are exiting their profitable trades and with oil prices already moving up, the energy sector stocks are down today due to profit-booking," said Siddharth Khemka, head of retail research, Motilal Oswal.

The Nifty metal index dropped 0.7%, pulled lower by a 3.7% drop in Tata Steel.

Network18 Media and Investments rose 2.4% after Viacom18, in which Network 18 owns a majority stake, won digital streaming rights for the Indian cricket league IPL from 2023 to 2027.

Shares of One97 Communications were up 1.8% after the company's average monthly users on its Paytm super app rose 48% for two months ending May. (Reporting by Tanvi Mehta in Bengaluru; Editing by Uttaresh.V and Anil D'Silva)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BAJAJ AUTO LIMITED -0.57% 4067.9 End-of-day quote.25.20%
BANK OF INDIA LIMITED 2.95% 50.55 End-of-day quote.-1.56%
LONDON BRENT OIL 0.59% 93.13 Delayed Quote.20.13%
NETWORK18 MEDIA & INVESTMENTS LIMITED 0.83% 72.5 End-of-day quote.-19.80%
NIFTY 50 0.67% 17944.25 Delayed Quote.2.72%
NTPC LTD 1.70% 161.45 Delayed Quote.27.61%
OIL AND NATURAL GAS CORPORATION LIMITED -0.21% 139.65 Delayed Quote.-1.72%
ONE97 COMMUNICATIONS LIMITED 0.10% 784.7 Delayed Quote.-41.26%
S&P GSCI NATURAL GAS INDEX -1.03% 431.4543 Real-time Quote.149.62%
TATA STEEL LIMITED -0.44% 112.5 End-of-day quote.1.21%
WTI 0.68% 87.609 Delayed Quote.15.49%
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Financials
Sales 2023 6 299 B 79 340 M 79 340 M
Net income 2023 489 B 6 162 M 6 162 M
Net Debt 2023 781 B 9 832 M 9 832 M
P/E ratio 2023 3,56x
Yield 2023 9,49%
Capitalization 1 757 B 22 128 M 22 128 M
EV / Sales 2023 0,40x
EV / Sales 2024 0,43x
Nbr of Employees 27 165
Free-Float 29,6%
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Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 139,65 INR
Average target price 175,48 INR
Spread / Average Target 25,7%
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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
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