Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. India
  4. NSE India Stock Exchange
  5. Oil and Natural Gas Corporation Limited
  6. News
  7. Summary
    ONGC   INE213A01029

OIL AND NATURAL GAS CORPORATION LIMITED

(ONGC)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Indian shares end at record highs as Reliance jumps; U.S. jobs data eyed

09/03/2021 | 06:31am EST

BENGALURU, Sept 3 (Reuters) - Indian shares scaled new peaks on Friday, with the blue-chip Nifty registering its best week since early February as conglomerate Reliance Industries surged to record highs, and investor focus on U.S. jobs report due later in the day.

The blue-chip NSE Nifty 50 index was up 0.52% at 17,323.60 at close and the benchmark S&P BSE Sensex rose 0.48% to 58,129.95. The Nifty closed the week 3.70% higher, while the Sensex rose 3.57%.

In the broader market, shares held near record highs as investors awaited U.S. jobs data to ascertain the pace and timing of the Federal Reserve's tapering of asset purchases.

India's stock market, having outperformed Asian peers so far this year, has enjoyed its record highs on abundant liquidity and positive global cues, along with the Fed's dovish stance.

The Nifty has hit record high 47 times and the Sensex 38 times this year, as per Refinitiv Eikon data.

In Mumbai trading, Reliance Industries Ltd and Oil and Natural Gas Corp were among the top performers on the Nifty 50, gaining 4.1% and 3.8%, respectively.

The Nifty Energy index, which had its ninth straight session of gains, was up 2.29%.

Among other notable stock moves, HDFC Life Insurance Co Ltd closed 3.2% lower and was the top loser on the Nifty 50.

HDFC Life said it would buy the life insurance unit of Exide Industries for 66.87 billion rupees ($915.02 million), in what is one of India's largest insurance deals. Exide Industries closed 6.4% higher, after surging as much as 15%.

Shares of defense training simulator maker Zen Technologies Ltd rose nearly 10% and were locked in their upper circuit. The company said it secured new orders worth 1.55 billion rupees from the Indian Air Force. ($1 = 73.0800 Indian rupees)

(Reporting by Rama Venkat in Bengaluru, additional reporting by Gaurav Dogra; Editing by Shailesh Kuber)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
EXIDE INDUSTRIES LIMITED -0.80% 173.6 End-of-day quote.3.21%
HDFC LIFE INSURANCE COMPANY LIMITED -1.40% 621.8 End-of-day quote.-4.16%
OIL AND NATURAL GAS CORPORATION LIMITED 0.33% 165.7 Delayed Quote.15.98%
RELIANCE INDUSTRIES LTD -1.48% 2338.1 Delayed Quote.0.22%
ZEN TECHNOLOGIES LIMITED -0.96% 207.05 End-of-day quote.-4.14%
All news about OIL AND NATURAL GAS CORPORATION LIMITED
01/25Escalated Russia-Ukraine conflict would keep inflation higher longer -IMF
RE
01/25Berenberg on The "Russia Risk" of An Attack on Ukraine
MT
01/24Energy Rises As Ukraine War Risk Buoys Oil Futures - Energy Roundup
DJ
01/24Scotiabank Sees New COVID-19 Variant Stalling Canada's Provincial Recovery Again
MT
01/24Indian Benchmarks Close Lower for Fifth Straight Day; JSW Steel Plunges 7%
MT
01/23Oil & Natural Gas Overseas Unit Enters Development Stage of Gas Discovery in Brazil
MT
01/21NEWS HIGHLIGHTS : Top Energy News of the Day
DJ
01/20Surya Roshni Bags New Orders Worth Over $16 Million
MT
01/20Energy Stocks Fading Shortly Before Thursday Close
MT
01/20Energy Stocks, Crude Oil Rising This Afternoon, Reversing Morning Retreats
MT
More news
Analyst Recommendations on OIL AND NATURAL GAS CORPORATION LIMITED
More recommendations
Financials
Sales 2022 4 938 B 65 643 M 65 643 M
Net income 2022 368 B 4 893 M 4 893 M
Net Debt 2022 953 B 12 667 M 12 667 M
P/E ratio 2022 5,77x
Yield 2022 5,97%
Capitalization 2 085 B 27 711 M 27 712 M
EV / Sales 2022 0,62x
EV / Sales 2023 0,59x
Nbr of Employees 28 479
Free-Float 29,3%
Chart OIL AND NATURAL GAS CORPORATION LIMITED
Duration : Period :
Oil and Natural Gas Corporation Limited Technical Analysis Chart | ONGC | INE213A01029 | MarketScreener
Technical analysis trends OIL AND NATURAL GAS CORPORATION LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 25
Last Close Price 165,70 INR
Average target price 189,32 INR
Spread / Average Target 14,3%
EPS Revisions
Managers and Directors
Alka Mittal Chairman, MD & Director-Human Resources
Anurag Sharma Finance Director & Executive Director
Om Prakash Singh Director, Director-Technical & Field Services
Rajni Kant Secretary & Compliance Officer
Amitava Bhattacharya Independent Non-Executive Director
Sector and Competitors