Oil & Natural Gas Corporation (ONGC), an Indian
multinational oil and gas company,rallied 2.7% on Tuesday after it
reported better-than-expected net profit on Monday.
The company announced a fall of 17.48% y-o-y in net profit to Rs 55.63 billion for the quarter ended Dec. 31, 2012. Analysts on an average had estimated profit of Rs 53.40 billion.
Net sales of the company went up by 15.75% y-o-y to Rs 210.93 billion for the quarter ended Dec. 31, 2012. Market was expecting revenues of Rs 193.55 billion.
Shares ofthe companyare trading at Rs
316.60, up Rs 8.2, or 2.66% at the Bombay Stock Exchange (BSE) on
Tuesday at 2 p.m.
This leads to sharp rise in market capitalisation by Rs 71.44 billion to Rs 2,709.95 billion.
In the earlier session, the shares declined 1.61%, or Rs 5.05, at Rs 308.40. Total volume of shares traded on the bourses today was lower by 43.01% to 3,715,003 compared with 22-day average volume of 6,518,728. The scrip has touched an intra-day high of Rs 318.25 and low of Rs 313.15. The total volume of shares traded at the BSE is 287,178.
Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 325.05 (16.65) (5.12) 1 Month 292.00 16.40 5.62 3 Months 256.70 51.70 20.14 6 Months 283.85 24.55 8.65 1 Year 280.70 27.70 9.87 Note: Based on previous day closing price.
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