ONGC shares end nearly 2% higher after Q2 earnings

Shares of Oil and Natural Gas Corp (ONGC) today ended nearly 2 per cent higher after the company reported a 3.1 per cent rise in second quarter net profit.
The stock settled 1.69 per cent up at Rs 186.65 on BSE. During the day, it jumped 4.14 per cent to Rs 191.15.
At NSE, shares of the company went up 1.41 per cent to close at Rs 186.60.
In terms of equity volume, 11.05 lakh shares of the company were traded on BSE and over one crore shares changed hands at NSE during the day.
State-owned ONGC on Saturday reported a 3.1 per cent rise in second quarter net profit as impressive gain from rising oil prices were taken away by fall in government-mandated natural gas rates.

Net profit of Rs 5,131 crore in July-September was 3.1 per cent higher than Rs 4,975 crore in the same period last year, the company said in a press statement.
Revenue was up 3.1 per cent at Rs 18,966 crore.