ONGC slips post disappointing Q2 results
One of the main reasons for the decline in the profit is the sharp decline in global crude oil prices over the past year
 "ONGC slips post Q2 results")
Oil and Natural Gas Corporation (ONGC) has slipped 1.5% to Rs 247.9 on the Bombay Stock Exchange (BSE) as its net profit for the second quarter dropped 11.1% to Rs 4842.02 crore year-on-year.
The oil exploration major reported a 1% increase in net sales to Rs 20563.19 crore in Q2 September 2015 over Q2 September 2014. ONGC's crude oil, condensate and natural gas production increased 1.4% to 12.976 million tonne of oil equivalent in the second quarter when compared year-on-year.
One of the main reasons for the decline in the profit is the sharp decline in global crude oil prices over the past year.
The stock hit a low of Rs 245 and a high of Rs 249 in the opening trades. At 10 AM a combined total of 459,971 shares changed hands on the counter of NSE and BSE.
The oil exploration major reported a 1% increase in net sales to Rs 20563.19 crore in Q2 September 2015 over Q2 September 2014. ONGC's crude oil, condensate and natural gas production increased 1.4% to 12.976 million tonne of oil equivalent in the second quarter when compared year-on-year.
One of the main reasons for the decline in the profit is the sharp decline in global crude oil prices over the past year.
The stock hit a low of Rs 245 and a high of Rs 249 in the opening trades. At 10 AM a combined total of 459,971 shares changed hands on the counter of NSE and BSE.
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First Published: Nov 09 2015 | 10:04 AM IST