ONGC fell 0.74% to Rs 288 at 14:01 IST on BSE after net profit rose 6.27% to Rs 4974.92 crore on 9.77% decline in total income to Rs 19578.65 crore in Q2 September 2016 over Q2 September 2015.
The result was announced during trading hours today, 27 October 2016.Meanwhile, the BSE Sensex was down 3.04 points, or 0.01%, to 27,833.47.
On BSE, so far 7.87 lakh shares were traded in the counter, compared with average daily volume of 6.72 lakh shares in the past one quarter. The stock hit a high of Rs 293 and a low of Rs 284.20 so far during the day. The stock hit a 52-week high of Rs 294 on 24 October 2016. The stock hit a 52-week low of Rs 188 on 12 February 2016. The stock had outperformed the market over the past 30 days till 26 October 2016, rising 17.23% compared with 1.37% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 30.85% as against Sensex's 1.32% decline.
The large-cap company has equity capital of Rs 4277.75 crore. Face value per share is Rs 5.
ONGC said that its board of directors have recommended issuing bonus shares in the ratio of one equity share for two existing equity shares (1:2).
ONGC is India's largest oil and gas exploration firm by sales.
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