ONGC's scrip went down by 2.73 per cent to Rs 245 on BSE.
At NSE, shares of the company declined by 2.54 per cent to Rs 245.05.
ONGC on Friday reported a 11 per cent drop in September quarter net profit as slumping global crude prices hurt its revenues.
Net profit in the July-September quarter at Rs 4,842.02 crore was 11 per cent lower than Rs 5,444.89 crore clocked in the same period of last fiscal, it had said in a statement.
The company said during the quarter it made three oil and gas discoveries in Mumbai offshore, shallow waters of Krishna Godavari basin off the east cost and in Tripura.
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