Trending stocks: ONGC shares trade flat in early session

NEW DELHI: Shares of Oil And Natural Gas Corporation Ltd. traded 0.0 per cent in Tuesday's trade at 10:53AM (IST). Around 759,528 shares changed hands on the counter.

The counter opened at Rs 84.95 and touched an intraday high and low of Rs 86.5 and Rs 84.4, respectively, in the session so far. The stock of Oil And Natural Gas Corporation Ltd. quoted a 52-week high of Rs 171.65 and a 52-week low of Rs 51.8.

Total market cap of the Oil And Natural Gas Corporation Ltd. stood at Rs 107058.18 crore at the time of writing this report.


State-owned ONGC has temporarily suspended operations at two drilling rigs in the Arabian Sea after 54 employees tested positive for coronavirus and one died but the oil and gas production has not been impacted.

Key Financials
The company reported consolidated sales of Rs 109443.39 crore for the quarter ended 31-Dec-2019, up 7.77 per cent from previous quarter's Rs 101554.26 crore and up 6.7 per cent from the year-ago quarter's Rs 117305.8 crore.

The net profit for latest quarter stood at Rs 4903.68 crore, down 48.69 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2020, DIIs held 6.95 per cent stake in the company, while foreign institutional investors held 7.62 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 5.04 and a price-to-book ratio of 0.45. 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.