Oil & Natural Gas Corpn Ltd Share Price – NSE /  BSE

Crude Oil & Natural Gas, Mid Cap

Oil & Natural Gas Corpn Ltd fell for a fifth straight session today. The stock is quoting at Rs 252.45, down 1.44% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78018.99, down 0.83%.Oil & Natural Gas Corpn Ltd has eased around 11.88% in last one month.Meanwhile, Nifty Energy index of which Oil & Natural Gas Corpn Ltd is a constituent, has eased around 10.14% in last one month and is currently quoting at 37705.65, down 1.02% on the day. The volume in the stock stood at 83.14 lakh shares today, compared to the daily average of 125.9 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 253.65, down 1.38% on the day. Oil & Natural Gas Corpn Ltd jumped 26.54% in last one year as compared to a 20.25% rally in NIFTY and a 31.64% spurt in the Nifty Energy index.

The PE of the stock is 8.28 based on TTM earnings ending June 24.

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However, revenue from operations declined 3.6% YoY to Rs 33,880.88 crore in the quarter ended 30 September 2024.

Profit before tax (PBT) stood at Rs 15,036 crore during the quarter, up 11.37% from Rs 13,501.01 crore posted in same quarter last year.

The company’s net crude oil realization was $78.33 per barrel (down 7.7% YoY) while gas price realization was $6.50 per mmtbu (flat YoY) during the period under review.

During the quarter, crude oil production added 0.7% YoY to 4.576 million metric tonnes (MMT) and gas production was 4.912 billion cubic metre (BCM), (down 2.11% YoY).

On consolidated basis, the company’s net profit declined 25% YoY to Rs 10,272.50 crore despite of 7.3% rise in revenue from operations to Rs 1,58,329.09 crore in Q2 FY25 over Q2 FY24.

Meanwhile, the company’s board has declared interim dividend of Rs 6 per equity share for the financial year 2024-25. The firm has fixed 20 November 2024 as record date for the same.

Maharatna Oil and Natural Gas Corporation (ONGC) is the largest crude oil and natural gas company in India, contributing around 71% to Indian domestic production. It has in-house service capabilities in all areas of exploration and production of oil & gas and related oil-field services. The Government of India held 58.89% stake in ONGC as of September 2024.

The counter added 0.39% to currently trade at Rs 257.90 on the BSE.

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ONGC announced that the Board of Directors of the Company at its meeting held on 11 November 2024, inter alia, have recommended the first interim dividend of Rs 6 per equity Share (i.e. 120%) , subject to the approval of the shareholders.

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Securities in F&O Ban:

Aarti Industries, Aditya Birla Fashion Retail (ABFRL), Granules India, Hindustan Copper, Manappuram Finance are banned from F&O trading on 12 November 2024.

Upcoming Result:

Zydus Lifesciences, 3M INDIA, Ashoka Buildcon, Aditya Vision, BASF India, Bosch, CERA Sanitaryware, CESC, Cupid, EIH, Finolex Cables, Greaves Cotton, GSFC, Infibeam Avenues, Ingersoll-Rand (INDIA), ION Exchange (INDIA), Jyothy Labs, Kirloskar Oil Engines, KNR Constructions, Sula Vineyards, Marksans Pharma, Medplus Health Services, Minda Corporation, Samvardhana Motherson International, Natco Pharma, Nucleus Software will declare their result later today.

Stocks to Watch:

Oil & Natural Gas Corporation (ONGC)’s consolidated net profit declined 25% to Rs 10,272.50 crore despite of 7.3% increase in revenue from operations to Rs 1,58,329.09 crore in Q2 FY25 over Q2 FY24.

Blue Dart Express’ consolidated net profit declined 14% to Rs 62.84 crore on 9.4% increase in net sales to Rs 1448.46 crore in Q2 FY25 over Q2 FY24.

NMDC reported 18.1% jump in net profit to Rs 1,211.57 crore on 22.5% increase in net sales to Rs 4,918.91 crore in Q2 FY25 over Q2 FY24. The company’s board approved the issuance of bonus shares in the ratio of 2:1.

Britannia Industries’ consolidated net profit declined 9.6% to Rs 531.45 crore despite of 4.5% increase in net sales to Rs 4,556.23 crore in Q2 FY25 over Q2 FY24.

Shree Cement’s consolidated net profit tumbled 82.9% to Rs 76.44 crore on 15.1% fall in net sales to Rs 4054.17 crore in Q2 FY25 over Q2 FY24.

Hindalco Industries’ consolidated net profit jumped 78% YoY to Rs 3,909 crore in Q2 FY25. Net sales increased 7.4% YoY to Rs 58,203 crore during the quarter.

Indiamart Intermesh’s subsidiary, Tradezeal Online entered into share purchase agreement to disinvest a 26% stake in Shipway Technology by way of sale of 4,088 Compulsorily Convertible Preference Shares (‘CCPS’) and 100 Equity shares for total consideration of Rs 41.59 crore.

Welspun Corp’s wholly owned subsidiary, Welspun Mauritius Holdings has divested 5% equity stake in East Pipes Integrated Company (EPIC) for an overall consideration of SAR 218.9 million (Approximately $58 million).

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