Stock market news: ONGC share price jumps 6.68%

Stock market news: ONGC share price jumps 6.68%
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Synopsis

A total of 2,177,809 shares changed hands on the counter till 12:13PM (IST).

Total market cap of the Oil And Natural Gas Corporation Ltd. stood at Rs 1,42,534.56 crore at the time of writing this report.

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NEW DELHI: Shares of Oil And Natural Gas Corporation Ltd. traded 6.68 per cent up in Tuesday's trade at 12:13PM (IST). Around 2,177,809 shares changed hands on the counter.

The counter opened at Rs 109.25 and touched an intraday high and low of Rs 113.95 and Rs 109.25, respectively, in the session so far. Shares of the company of Oil And Natural Gas Corporation Ltd. quoted a 52-week high of Rs 113.95 and a 52-week low of Rs 51.8.

Total market cap of the Oil And Natural Gas Corporation Ltd. stood at Rs 1,42,534.56 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 1,02,416.51 crore for the quarter ended 31-Dec-2020, up 19.68 per cent from previous quarter's Rs 85,577.85 crore and up 7.89 per cent from the year-ago quarter's Rs 1,11,187.83 crore.

The net profit for latest quarter stood at Rs 2,643.17 crore, down 46.1 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Dec-2020, DIIs held 5.93 per cent stake in the firm, while foreign institutional investors held 7.67 per cent and the promoters 60.41 per cent.

Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 156.84 and a price-to-book ratio of 0.42. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Oil And Natural Gas Corporation Ltd. belongs to the Oil Drilling And Exploration industry.

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