ONGC gains on hopes of hike in gas prices

24th January 2013 10:18 AM

Oil & Natural Gas Corporation jumped on Thursday as the oil ministry is expected to soon recommend a revision in local gas prices. The oil ministry will soon send the recommendations to the cabinet for consideration, a media report said.

Shares of Oil & Natural Gas Corporation are trading at Rs 341.50, up Rs 8.55, or 2.57% at the Bombay Stock Exchange (BSE) on Thursday at 09:29 a.m.The scrip has touched an intra-day high of Rs 353.55 and low of Rs 341.15. The total volume of shares traded at the BSE is 278,608.In the earlier session, the shares fell 1.14%, or Rs 3.85, at Rs 332.95.Currently, the stock is trading down 3.56% from its 52-week high of Rs 354.10 and above 42.23% over the 52-week low of Rs 240.10.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 314.50 18.45 5.87 1 Month 256.20 76.75 29.96 3 Months 274.55 58.40 21.27 6 Months 277.40 55.55 20.03 1 Year 272.50 60.45 22.18 Note: Based on previous day closing price.
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