Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  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
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Oil and Natural Gas : Indian shares end higher as auto stocks drive gains

10/07/2021 | 07:18am EST
A general view of the Bombay Stock Exchange (BSE), after Sensex surpassed the 60,000 level for the first time, in Mumbai

BENGALURU (Reuters) - Indian shares settled higher on Thursday, boosted by a rally in auto stocks after Tata Motors soared 14%, while jewellery maker Titan Company touched a record high as it indicated a strong demand recovery in the second quarter.

The NSE Nifty 50 index ended 0.82% higher at 17,790.35, while the S&P BSE Sensex was up 0.82% at 59,677.83.

India's main stock indexes had dropped 1% each in the previous session after global equities fell sharply due to inflationary concerns stemming from sky-high oil prices.

On Thursday, however, world stocks rose after U.S. politicians appeared close to a deal to avert a debt default, Russia reassured Europe on gas supplies, and oil prices pulled back. [MKTS/GLOB]

"This is a fear of missing out rally. Such moves are typical of euphoria that is stemming from global factors and the rally should continue until there are fresh negative triggers, both locally or globally," said Suyash Maheshwari, a research analyst at Samco Securities.

Friday's outcome of the central bank's policy meeting and the start of corporate earnings season will now be on investors' radar.

Among individual shares and sectors, the Nifty's Auto Index rose as much as 5% -- the biggest since May 2020. Four of the top five gainers on the Nifty 50 index were auto stocks.

Tata Motors surged after Morgan Stanley Research upgraded the stock on expectations of encouraging annual earnings. It also said in a note that it expects 2022/23 to be strong for Indian autos.

Titan Company settled 10.6% higher after saying it sees strong revenue growth in the second quarter.

The Nifty's realty index rose 6.84% to scale a peak. Sobha Ltd soared 18.79%.

Piramal Enterprises closed up 1.6% after it said it was listing its pharmaceutical and financial services businesses as separate entities.

Meanwhile, Oil and Natural Gas Corp's four-day rally was halted by its 4.58% fall.

(Reporting by Chandini Monnappa in Bengaluru; editing by Uttaresh.V)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
OIL AND NATURAL GAS CORPORATION LIMITED 1.71% 148.4 Delayed Quote.56.80%
TITAN COMPANY LIMITED 2.39% 2381.5 End-of-day quote.51.93%
All news about OIL AND NATURAL GAS CORPORATION LIMITED
12/07Oil CEOs raise alarm over market's readiness to drop fossil fuels
RE
12/07Oil CEOs raise alarm over market's readiness to drop fossil fuels
RE
12/06Global oil CEOs stress need for fossil fuels despite push for cleaner energy
RE
12/06Energy Stocks Rise as Crude Oil Advances 5%, Natural Gas Sinks 10%
MT
12/06Global oil CEOs stress need for fossil fuels despite push for cleaner energy
RE
12/03U.S. drillers keep oil and gas rig count steady this week -Baker Hughes
RE
12/03Indian Indices Erase Two-Day Gains on Friday; Power Grid Corporation of India Slumps 4%
MT
12/02Oil & Natural Gas Signs MoU With Solar Energy Corporation for Renewable Energy Projects
MT
12/02Energy Stocks Adding to Thursday Advance
MT
12/02Energy Stocks Adding to Early Gains Following Reversal in Crude Oils
MT
More news
Analyst Recommendations on OIL AND NATURAL GAS CORPORATION LIMITED
More recommendations
Financials
Sales 2022 4 875 B 64 581 M 64 581 M
Net income 2022 361 B 4 780 M 4 780 M
Net Debt 2022 785 B 10 393 M 10 393 M
P/E ratio 2022 5,18x
Yield 2022 6,61%
Capitalization 1 835 B 24 331 M 24 316 M
EV / Sales 2022 0,54x
EV / Sales 2023 0,55x
Nbr of Employees 28 479
Free-Float 29,3%
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
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 145,90 INR
Average target price 185,92 INR
Spread / Average Target 27,4%
EPS Revisions
Managers and Directors
Subhash Kumar Chairman, CEO, MD & Finance Director
Vivek Chandrakant Tongaonkar Chief Financial Officer
Om Prakash Singh Director, Director-Technical & Field Services
Rajni Kant Secretary & Compliance Officer
Amitava Bhattacharya Independent Non-Executive Director
Sector and Competitors