Collapsed in oil prices have pushed state-owned ONGC to cut its capital expenditure (capex) by about 15% for the current fiscal year, as per reports.
Reports say, ONGC’s board has approved a cut in capital expenditure (capex) to Rs 31,400 crore for 2015-16 from Rs 36,200 crore.
Oil & Natural Gas Corpn Ltd is currently trading at Rs. 217.95, down by Rs. 4.85 or 2.18% from its previous closing of Rs. 222.8 on the BSE. The scrip opened at Rs. 220 and has touched a high and low of Rs. 223.35 and Rs. 216.8 respectively. So far 726617(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 190616.32 crore. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 373.7 on 04-Feb-2015 and a 52 week low of Rs. 208 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 233 and Rs. 217.65 respectively. The promoters holding in the company stood at 68.93 % while Institutions and Non-Institutions held 17.49 % and 13.58 % respectively. The stock is currently trading above its 200 DMA.
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