ONGC spurts 5.5 % after minister comment on HPCL sale
New Delhi, Oct 14 () Shares of ONGC rose 5.5 per cent on Monday after Oil Minister Dharmendra Pradhan said the state-owned firm was free to sell its stake in HPCL.
The scrip gained 4.73 per cent to close at Rs 135.20 on the BSE. During the trade, it jumped 5.65 per cent to Rs 136.40.
On the NSE, it rose by 5.50 per cent to close at Rs 136.10.
Amid reports of ONGC’s inability to derive any benefit out of its HPCL acquisition, Oil Minister Dharmendra Pradhan on Monday said the state-owned firm was free to sell its stake in the oil refining and marketing company.
