Business Standard

ONGC rallies 5% ahead of stake sale

Related News

Oil and Natural Gas Corporation (ONGC) has rallied 5% at Rs 296 after the state-run oil exploration and production firm said that it will launch its share sale through an auction on Thursday.

The government will sell 5% of its holding, or about 428 million shares, in the offering and the floor price for the issue has been set at Rs 290 a share. "The day-long auction, will take place on Thursday between 9:15 am and 3:30 pm,” said in a notice to stock exchanges late on Tuesday.

A combined around 600,000 shares have chagned hands on the coutner on opening deals on the NSE and BSE.

Read more on:   
|
|
|
|
|
|

Read More

M&M gains on post February sales numbers

The company reported 11% year-on-year growth in its auto sales numbers at 47,824 units in February 2013.

Quick Links

Market News

HDFC Bank, ICICI Bank, Axis Bank, Yes Bank hit new high

At 1435 hours, Bank Nifty surged 325 points or 1.6% at 20,398 as compared to 0.46% rise in CNX Nifty.

Nickel down 1.3% on global cues

However, other base metals held steady in limited deals

Eveready Industries hits new high post Q3 results

The stock hit a new high of Rs 222 on BSE after reporting an over three-fold jump in net profit at Rs 15 crore in December quarter.

Castor seed prices down 2.3% amid weak cues

Marketmen said subdued trend on low domestic and export demand, increased supplies in the spot markets put pressure on the commodity

Palm oil down 2% on subdued spot demand

Oil for delivery in January traded lower by 2.16%

 

Back to Top