ONGC hits life-time high; up 2% after posting 142% surge in Q2 net profit
Shares of Oil & Natural Gas Corporation (ONGC) hit a fresh life-time high at Rs 199.70 in opening trades of the special one-hour Muhurat Trading session on Sunday on the back of a solid 142 per cent jump in Q2 net profit.
At 06:17 PM, ONGC traded with a gain of 1 per cent at 198 on volumes of around 30,000 shares on the BSE. Meanwhile, the S&P BSE Sensex was up 0.5 per cent or 350 points at 65,252.
ONGC’s consolidated net profit soared 142.4 per cent to Rs 16,553 crore in the second quarter of FY24, up from Rs 17,383 crore reported in the same quarter of the previous year. On a sequential basis, profit however was down 4.77 per cent.
