{"id":440447,"date":"2021-10-06T08:49:36","date_gmt":"2021-10-06T03:19:36","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=440447"},"modified":"2021-10-06T09:50:52","modified_gmt":"2021-10-06T04:20:52","slug":"ongc-regains-rs-2-trn-market-cap-as-stock-jumps-8-on-higher-oil-prices","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-regains-rs-2-trn-market-cap-as-stock-jumps-8-on-higher-oil-prices\/","title":{"rendered":"ONGC regains Rs 2-trn market cap as stock jumps 8% on higher oil prices"},"content":{"rendered":"<p>Oil and Natural Gas Corporation (ONGC) has regained its Rs 2-trillion market capitalisation (market-cap) mark as the stock rallied another 8 per cent to Rs 159.75 on the BSE in Tuesday\u2019s intra-day trade on the back of higher crude oil prices. The stock of the state-owned oil exploration &amp; production (E&amp;P) company was trading at its highest level since November 2018.<\/p>\n<p>The rising domestic gas supply and improvement in oil and gas realisation should drive upstream companies&#8217; earnings growth and valuations.<\/p>\n<p>At 10:57 am; ONGC was trading 7.5 per cent higher at Rs 158.60, with a market of Rs 199,523 crore, the BSE data shows. In comparison, the S&amp;P BSE Sensex was down 0.09 per cent at 59,246 points.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil and Natural Gas Corporation (ONGC) has regained its Rs 2-trillion market capitalisation (market-cap) mark as the stock rallied another 8 per cent to Rs 159.75 on the BSE in Tuesday\u2019s intra-day trade on the back of higher crude oil prices. The stock of the state-owned oil exploration &amp; production (E&amp;P) company was trading at its highest level since November 2018. The rising domestic gas supply and improvement in oil and gas realisation should drive upstream companies&#8217; earnings growth and valuations. At 10:57 am; ONGC was trading 7.5 per cent higher at Rs 158.60, with a market of Rs 199,523 [&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-440447","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\/440447","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=440447"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/440447\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=440447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=440447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=440447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}