ONGC lost 0.42% to Rs 272.25 at 11:44 IST on BSE after net profit rose 28.1% to Rs 7126 crore on 1.2% decline in sales revenue to Rs 20833 crore in Q3 December 2013 over Q3 December 2012.
The Q3 result was announced after market hours on Thursday, 13 February 2014.
Meanwhile, the S&P BSE Sensex was up 57.27 points or 0.28% at 20,250.62.
On BSE, so far 3.46 lakh shares were traded in the counter as against average daily volume of 2.23 lakh shares in the past one quarter.
The stock was volatile. The stock lost as much as 0.82% at the day's low of Rs 271.15 so far during the day. The stock rose as much as 0.91% at the day's high of Rs 275.90 so far during the day. The stock had hit a 52-week high of Rs 353 on 28 June 2013. The stock had hit a 52-week low of Rs 234.40 on 28 August 2013.
The stock had underperformed the market over the past one month till 13 February 2014, sliding 6.42% compared with the Sensex's 4.45% fall. The scrip had, however, outperformed the market in past one quarter, advancing 1.86% as against Sensex's 0.01% fall.
The large-cap state-run oil explorer has equity capital of Rs 4277.74 crore. Face value per share is Rs 5.
The impact on ONGC's profit after tax (PAT) due to under-recovery discount rose 5.35% to Rs 7649 crore in Q3 December 2013 over Q3 December 2012.
The Government of India (GoI) holds 69.23% stake in ONGC (as per the shareholding pattern as on 31 December 2013).
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