ONGC falls ahead of Q3 results

Oil & Natural Gas Corporation (ONGC), an Indian multinational oil and gas company, fell on Monday ahead of Q3 results.

''We expect the company's top line to increase by 6.5% yoy to Rs 192.94 billion. On the operating front, EBITDA margin is expected to contract by 946 bp y-o-y to 51.5%. The bottom line is expected to increase by 34.6% yoy to Rs 48.43 billion,'' said Angel Broking, in a report. Shares ofthe companyare trading at Rs 309.70, down Rs 3.75, or 1.20% at the Bombay Stock Exchange (BSE) on Monday at 10:43 a.m.The scrip has touched an intra-day high of Rs 313.70 and low of Rs 309.30. The total volume of shares traded at the BSE is 56,475.In the earlier session, the shares declined 2.02%, or Rs 6.45, at Rs 313.45. Currently, the stock is trading down 12.54% from its 52-week high of Rs 354.10 and above 28.99% over the 52-week low of Rs 240.10.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 332.45 (19.00) (5.72) 1 Month 301.90 11.55 3.83 3 Months 257.10 56.35 21.92 6 Months 280.80 32.65 11.63 1 Year 281.45 32.00 11.37 Note: Based on previous day closing price.