Oil & Natural Gas Corporation gained 1.16% to Rs 1014 at 9:55 IST on BSE on reports the company plans to scale up its gas production in Tripura and has revised the project cost to Rs 4376 crore from Rs 1817 crore.
The stock hit a high of Rs 1020 and a low of Rs 1005 so far during the day. The stock had hit a 52-week high of Rs 1386.90 on 2 November 2007 and a 52-week low of Rs 770 on 17 August 2007.
The company has an equity capital of Rs 2138.87 crore. Face value per share is Rs 10.
The current price of Rs 1014 discounts its Q1 June 2008 annualised EPS of Rs 124.11, by a PE multiple of 8.17.
On 29 July 2008, Oil & Natural Gas Corporaton (ONGC)’s board approved a memorandum of understanding with Uranium Corporation of India (UCIL) for exploration and exploitation of uranium.
In June 2008, ONGC and Mangalore Refinery & Petrochemicals (MRPL) withdrew from Kakinada Refinery & Petrochemicals (KRPL) and Kakinada Special Economic Zone (KSEZ) projects.
ONGC’s net profit rose 43.90% to Rs 6636.33 crore on 46.5% increase in net sales to Rs 20052.20 crore in Q1 June 2008 over Q1 June 2007.
ONGC operates in oil & gas exploration, production and refining.
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