The stock touched a new high of Rs 1,119 and ended 9.4% higher at Rs 1,108.

Around 616,443 shares were traded as against the two- week daily average trade of 521,144 shares on the BSE.
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Updated at 1208 Hrs:

ONGC has surged after reports surfaced that the government is likely to double the price of natural gas.

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ONGC had suffered a huge loss of Rs 2,140 crore in 2007-08 for selling natural gas at the administered price. The new pricing will yield additional revenue for the cental and state government.

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