{"id":360407,"date":"2020-07-01T10:06:10","date_gmt":"2020-07-01T04:36:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=360407"},"modified":"2020-07-01T10:31:14","modified_gmt":"2020-07-01T05:01:14","slug":"ongc-slips-up-to-4-after-reporting-a-first-ever-loss-in-march-quarter","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-slips-up-to-4-after-reporting-a-first-ever-loss-in-march-quarter\/","title":{"rendered":"ONGC slips up to 4% after reporting a first-ever loss in March quarter"},"content":{"rendered":"<p>Shares of Oil and Natural Gas Corporation (ONGC) slipped as much as 3.93 per cent to Rs 78.20 apiece on the BSE on Wednesday, a day after the state-run oil and gas company posted a pre-tax loss of Rs 10,529 crore in the fourth quarter of the financial year 2019-20 (Q4FY20). The loss was due to a drop in crude oil prices, the impact of the Covid-19-induced lockdown, and exchange losses. It was ONGC\u2019s first-ever quarterly loss.<\/p>\n<p>At 09:29 am, the stock was trading 1.6 per cent lower at Rs 80.10 on the BSE. In comparison, the S&amp;P BSE Sensex was quoting 0.5 per cent higher at 35,099 levels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Oil and Natural Gas Corporation (ONGC) slipped as much as 3.93 per cent to Rs 78.20 apiece on the BSE on Wednesday, a day after the state-run oil and gas company posted a pre-tax loss of Rs 10,529 crore in the fourth quarter of the financial year 2019-20 (Q4FY20). The loss was due to a drop in crude oil prices, the impact of the Covid-19-induced lockdown, and exchange losses. It was ONGC\u2019s first-ever quarterly loss. At 09:29 am, the stock was trading 1.6 per cent lower at Rs 80.10 on the BSE. In comparison, the S&amp;P BSE Sensex [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-360407","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/360407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=360407"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/360407\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=360407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=360407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=360407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}