Thursday 17 March 2016

ONGC up 2%; Offshore arm acquires 29.9% stake in Rosneft's two oil fields

A consortium led by the company agreed to buy 29.9 per cent stake in Russia's Rosneft for $4.2 bn, as per a report. 

ONGC stock was up by 2% at Rs.210. The consortium led by the company agreed to buy 29.9 per cent stake in Russia's Rosneft for $4.2 bn, as per a report. 

The scrip opened at Rs. 209 and has touched a high and low of Rs. 211.4 and Rs. 208.5 respectively. So far 1588883(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 176628.09 crore.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 343 on 05-May-2015 and a 52 week low of Rs. 188 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 209 and Rs. 201.9 respectively.

The promoters holding in the company stood at 68.93 % while Institutions and Non-Institutions held 17.49 % and 13.57 % respectively.

The stock is currently trading above its 200 DMA.

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