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    ONGC   INE213A01029

OIL AND NATURAL GAS CORPORATION LIMITED

(ONGC)
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Delayed NSE India Stock Exchange  -  09:00 2022-08-08 am EDT
136.50 INR    0.00%
08/05OIL AND NATURAL GAS : With 267 para athletes from Oil and Gas public enterprises inspiring spectators, 4th ONGC Para Games concludes
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08/04Oil and Natural Gas Corporation Limited Proposes Final Dividend for the Financial Year 2021-22
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08/02PETROLEUM MINISTER INAUGURATES 4TH ONGC PARA GAMES : 275 PwD employees of Oil and Gas public enterprises participate
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Indian shares slump as Reliance, ONGC crash on fuel export tax hikes

07/01/2022 | 01:35am EDT

BENGALURU, July 1 (Reuters) - Indian shares began the second quarter with heavy losses on Friday, hammered by Reliance Industries and ONGC after the government raised taxes on fuel exports.

The NSE Nifty 50 index dropped as much as 1.7% to 15,511.05, while the S&P BSE Sensex slid 1.74% to 52,094.25. The indexes on Thursday capped their worst quarter since the early days of the COVID-19 pandemic.

Energy stocks sank in early trading after the government raised taxes on exports of diesel, petrol, and jet fuel.

Oil-to-retail conglomerate Reliance Industries, India's most valuable company, shed $19.35 billion in market value as its stock plunged as much as 8.7%, marking its biggest intraday slide since Nov. 2, 2020.

The Nifty Energy index fell 3.7% in its sharpest drop since mid-May.

State-owned oil explorer ONGC and refiner Mangalore Refinery and Petrochemical slumped 10% each, while Vedanta dropped 7.6% to its lowest in 16 months.

The Nifty auto index slid 1.5%, ahead of monthly sales data, while the Nifty Bank index fell 1%.

The rupee hit a fresh record low of 79.11 against the dollar, versus Thursday's close of 78.97.

Asian stock market peers got off to a shaky start on Friday as investors assessed risks to the economic outlook from inflation and interest-rate hikes. (Reporting by Chris Thomas in Bengaluru; editing by Uttaresh.V)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL -0.08% 96.27 Delayed Quote.20.61%
MANGALORE REFINERY AND PETROCHEMICALS LIMITED 0.63% 72.35 End-of-day quote.67.67%
NIFTY 50 0.73% 17525.1 Delayed Quote.0.99%
NIFTY BANK 0.84% 38237.4 Delayed Quote.7.77%
OIL AND NATURAL GAS CORPORATION LIMITED 0.00% 136.5 Delayed Quote.-4.14%
RELIANCE INDUSTRIES LTD 1.31% 2567.15 Delayed Quote.8.40%
SENSEX BSE30 0.80% 58853.07 Real-time Quote.1.03%
VEDANTA LIMITED 1.38% 256.75 Delayed Quote.-24.75%
WTI -0.16% 90.396 Delayed Quote.16.88%
All news about OIL AND NATURAL GAS CORPORATION LIMITED
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07/20Oil & Natural Gas Appoints New Managing Director for Overseas Investment Arm
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Financials
Sales 2023 6 234 B 78 339 M 78 339 M
Net income 2023 478 B 6 012 M 6 012 M
Net Debt 2023 835 B 10 493 M 10 493 M
P/E ratio 2023 3,60x
Yield 2023 10,5%
Capitalization 1 717 B 21 578 M 21 578 M
EV / Sales 2023 0,41x
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 136,50 INR
Average target price 180,23 INR
Spread / Average Target 32,0%
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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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