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Home STOCKS ONGC share price: Trending stocks: ONGC shares down in excess of 2%

ONGC share price: Trending stocks: ONGC shares down in excess of 2%

NEW DELHI: Shares of Oil And Organic Fuel Corporation Ltd. traded 2.33 for every cent down in Wednesday’s trade at 10:48AM (IST). All around 1,048,180 shares improved hands on the counter.
The stock opened at Rs 78.8 and touched an intraday high and low of Rs 80.7 and Rs 78.2, respectively, in the session so much. The inventory of Oil And All-natural Gasoline Company Ltd. quoted a 52-week high of Rs 168.8 and a 52-week low of Rs 51.8.
Overall market cap of the Oil And Natural Fuel Company Ltd. stood at Rs 99950.32 crore at the time of producing this report.
Essential Financials
State-operate ONGC posted standalone web loss of Rs 3,098.26 crore for the quarter finished March due to an remarkable merchandise in the direction of impairment loss of Rs 4,899 crore. The oil and gas explorer experienced posted a net profit of Rs 4,239.50 crore in the corresponding quarter past 12 months.
The organization noted consolidated sales of Rs 104488.95 crore for the quarter finished 31-Mar-2020, down 4.53 per cent from earlier quarter’s Rs 109443.39 crore and down 6.97 for every cent from the yr-ago quarter’s Rs 112316.4 crore.
Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 6.95 per cent stake in the organization, even though foreign institutional investors held 7.62 for each cent and the promoters 60.41 for every cent.
Valuation ratio
According to BSE info, the stock traded at a P/E numerous of 9.36 and a price-to-book ratio of .42. A increased P/E ratio shows traders are prepared to pay a better price due to the fact of better future growth anticipations. Price-to-book value signifies the inherent value of a business and is the measure of the price that traders are prepared to pay back even for no advancement in the business.
Oil And All-natural Gas Company Ltd. belongs to the Oil Drilling And Exploration market.

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