ONGC shares tank 4% after first-ever quarterly loss
NEW DELHI : Shares of state-owned Oil and Natural Gas Corp (ONGC) declined nearly 4% on Wednesday after the company reported its first-ever quarterly loss.
On the BSE, the stock dipped 3.93% to Rs78.20.
It declined 3.74% to Rs78.30 on the NSE.
India’s top oil and gas producer ONGC on Tuesday reported a Rs3,098 crore loss in the January-March quarter as compared to a profit of Rs4,240 crore in the same period a year back.
