Shares of Oil and Natural Gas Corporation (ONGC) were up 3 per cent to Rs 163.90 on the BSE in Tuesday’s intra-day trade amid heavy volumes after the government slashed windfall tax on Crude Oil produced at home to Rs 4,100 per tonne from Rs 6,4000 per tonne.
The stock of the state-owned oil exploration & production company was trading close to its 52-week high level of Rs 168.40, touched on May 5, 2022.
Shares of Oil India, meanwhile, were quoting 1 per cent higher at Rs 257.75. In comparison, the S&P BSE Sensex was up 0.58 per cent at 61,467 at 10:11 AM.
