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Home Markets ONGC shares tank 4% right after initial-at any time quarterly loss

ONGC shares tank 4% right after initial-at any time quarterly loss

Shares of condition-owned Oil and Purely natural Gasoline Corp (ONGC) declined almost 4% on Wednesday just after the organization documented its 1st-at any time quarterly loss.

On the BSE, the stock dipped 3.93% to Rs78.20.
It declined 3.74% to Rs78.30 on the NSE.
India’s top oil and gasoline producer ONGC on Tuesday reported a Rs3,098 crore loss in the January-March quarter as in comparison to a profit of Rs4,240 crore in the exact same time period a calendar year again.
Revenue in the fourth quarter fell to Rs21,456 crore from Rs26,759 crore a year back.

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