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ONGC - CAN RULE IN 4-DIGITs?

about 12 years ago

A question swept across our mind - Can ONGC share price rule in 4 digits i.e. over 140% return?! Some out-of-the-box thinking actually gave us a very calculated and precise answer to this question. Read on to get an all encompassing analysis to this eye-popping question.

ONGC and Oil India spurt up

about 8 years ago

ONGC rose 3% to Rs.165.10 today morning; it has since then come off that intra day high and is now at Rs.162 levels. Oil India also did well

Oil India, RIL and ONGC fizzle out

about 13 years ago

The top losers on the BSE today are the oil companies which had spurted up yesterday on hopes of the gas price hike going through. Currently Oil India leads the pack, down over 3%, RIL which is disappointed for its KG gas price hike is down almost 3% and ONGC is down over 2.5%. These stocks ...

ONGC in the green

about 12 years ago

ONGC remains firmly in the green today even though the price spurt is less than 1%. Opening lower, the stock price climbed to the day’s high point at Rs.342.55 and it is currently up 0.5%. The mood on the ONGC counter is positive on account of three reasons. Firstly, during Friday&rsqu ...

New subsidy formula: Pre-curser to ONGC divestment

about 12 years ago

ONGC share is ruling mildly in the positive at 352 (up 0.21%) when BSE Sensex is down 1.2%. Petroleum ministry has finalised a new oil subsidy-sharing formula, under which ONGC will have to pay only Rs 3,252 crore to the three state-owned fuel marketing companies (IOC, BPCL and HPCL) for Q3FY15 ( ...

ONGC in the limelight

about 9 years ago

ONGC is the big newsmaker today. The Cabinet yesterday gave its approval to ONGC to buy Government’s 51.11% stake in HPCL. Post this merger,

ONGC lights up

about 9 years ago

ONGC is in the news today and the stock price has risen almost 3% to Rs.169, with a 4 times rise in volume. Its 52-week high stands at Rs.212 and low at Rs.155.30.

ONGC swings up and down

about 7 years ago

ONGC is on one volatile ride today. The stock, which had closed yesterday at Rs.169.25, opened lower at Rs.167.70, going down further to Rs.167.15 to bounce back

ONGC bounces back sharply

about 7 years ago

ONGC had hit a new 52-week low yesterday at Rs.115.55 and was among the top losers. And today, the tide has turned.

ONGC

about 15 years ago

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ONGC jumps on kerosene fare hike

about 10 years ago

ONGC currently figures out amongst the top five gainers on the BSE. Intra day, the stock went up to a high of Rs.241.30 and currently remains 4% up at Rs.236 levels. Its 52-week high is at Rs.295.45 and low is at Rs.188. After a 50 paise/litre hike in late June, the Govt has mustered the cou ...

ONGC shines bright

about 5 years ago

The stock opened higher today at Rs.168 and went up to an intraday high at Rs.172.65, up some 5% and not too far from its 52-week high of Rs.176.40.

OMCs and ONGC lead the surge

about 12 years ago

The market, as expected, as zoomed up today morning, reacting positively to the diesel deregulation and much awaited gas price hike. The gainers are led by Oil Marketing Companies (OMCs) – HPCL up 7% at Rs.524 which is after hitting a new high at Rs.534, BPCL up 6% at Rs.706, IOC up 6% at R ...

ONGC is top loser on BSE

about 12 years ago

ONGC is currently the top loser on the BSE, with the stock losing 5% at Rs.415.15, with an intra day low at Rs.406.50. It is followed by other oil stocks – HPCL, BPCL and Oil India. These stocks are down after the much awaited decision from the Cabinet Committee on Economic Affairs (CC ...

ONGC in the green

about 2 years ago

The stock price is in the green; from its close of Rs.306.20, it opened at Rs.312 and rose to an intraday high at Rs.329.50.

ONGC zooms up

about 14 years ago

ONGC is doing well today. Though it opened lower at Rs.307.70 and even went down to an intra day low at Rs.304.55, the stock soon zoomed up to an intra day high at Rs.318.25. The stock is up on news reports stating that the PSU is hopeful of finding oil reserves at its D1 block in Mumbai off ...

ONGC up despite poor Q1

about 6 years ago

The market seems to have already discounted for this disappointing earnings as the stock opened in the green over 2% at Rs.81

ONGC and GAIL at new high

about 5 years ago

The stock rose over 5.5% today to hit a new high at Rs.172.80 and its market cap is at staggering at over Rs.2 lakh crore.

ONGC spurts up 3%

about 8 years ago

The stock price has reacted positively to these numbers, going up 3% to Rs.171, with volumes going up over 1.2 times. Its 52-week high is at Rs.212.90.

Deep Industries shins bright

about 11 years ago

Deep Industries was up over 7% intra day at Rs.172, with volumes at around 37,000 shares. Its 52-week high and low stands at Rs.215.70 and Rs.45 respectively. The stock is in the limelight today as the company informed that it has received a letter from ONGC on 5th of Jan stating that the PS ...

Oil companies in the limelight

about 9 years ago

Oil companies are in the limelight today. Upstream oil company, ONGC fell almost 3% to Rs.176.80. On the other hand, downstream oil marketing companies (OMCs) HPCL rose over 2.5% to Rs.422, BPCL rose 3% to Rs.507 and Indian Oil rose 1.3% to Rs.393.

Aban Offshore drills a good order

about 10 years ago

Aban Offshore had announced on Friday, late in the evening about receipt of an order. It had stated that its step down subsidiary had received a Firm Letter of Award from ONGC for the deployment of the Drillship Aban Abraham for a firm period of 2 years. The expected revenue from this deploy ...

ONGC, OIL to rescue Govt. thru IOC

about 13 years ago

IOC is up 4.1% at Rs. 221 per share, while ONGC is marginally in the green at 291 (up 1.5%) while Oil India is flat at 474 (down 0.70%). EGoM has given an ‘in-principle’ approval to the sale of 10% stake or 24.27 crore shares in IOC to upstream companies ONGC and Oil India, through th ...

GOL Offshore makes a splash

about 13 years ago

GOL Offshore is up 4.4% at Rs. 51 on BSE, in a flat market. The company has signed a contract with ONGC for reconstruction of its gas processing platforms on the West Coast of India for a contract value of approximately Rs. 710 crore. The contract period for the same is two years plus. This ...

Videocon Inds up in the green

about 14 years ago

Videocon Industries is doing well today, thanks to the inadvertent mistake of ONGC. Yesterday, ONGC sent out a Press Release on its deal with Videocon regarding the Mozambique oil block even before the deal was actually signed. Realising its mistake, ONGC withdrew the Press Release but the detail ...

Indian refiners celebrating

about 4 years ago

MRPL hit a new high today at Rs.108.60, Chennai Petro too a new high at Rs.385.35, ONGC is up almost 5.5%, Oil India hit a new high at Rs.395; Deep Energy is locked at its 5% UC

ONGC-HPCL DEAL – A WIN-WIN FOR GOVT ONLY

about 9 years ago

Last week, the mega “oil” deal - ONGC and HPCL was the talk of the town. On 19th July, the Cabinet gave its approval to ONGC to buy Government’s 51.11% stake in HPCL. Post this merger, HPCL will remain a subsidiary of ONGC and this is expected to be completed in one year. The deal will be exempted from the mandatory open offer when buying more than 25% in a listed company.

Oil India down in the red

about 10 years ago

Oil India currently figures out amongst the top losers on the BSE, going down over 3.5% to Rs.360. ONGC is also down in the red but not as much as Oil India – it went down over 1.5% to Rs.226.70. The reason for both these upstream oil companies going down into the red today is a new or ...

Gas stocks lose their fizz

about 7 years ago

ONGC is down almost 4.5% at Rs.65 levels, IGL slipped 3% to Rs.377.35; MGL did not fall much – it went down less than 1%

MSL in the limelight

about 7 years ago

Maharashtra Seamless Ltd (MSL) is in the limelight today morning. After 6 days on consecutive fall, the stock opened over 3% higher at Rs.371, going up almost 4% at Rs.373.

BPCL and HPCL in the red

about 13 years ago

BPCL and HPCL figure out amongst the top five losers on the BSE. BPCL is currently down almost 3% at Rs.436 while HPCL is down over 2% at Rs.285. Both Govt owned Oil Marketing companies (OMCs) are down on news that the Finance Ministry wants these companies to absorb a much higher share of u ...

Seamec hits a new high

about 7 months ago

The stock hit a fresh 52-week high of Rs. 1,470.75 after the announcement, before slipping, with the counter reported around Rs. 1,369, indicating the market is digesting the news amid an already strong run-up in the stock.

Engineers India shines bright

about 3 years ago

The stock is big gainer today morning; the stock, which had closed yesterday at Rs.109.90, opened today at Rs.113.15 and went up further to Rs.113.65,

Deep Inds up over 10%

about 4 years ago

The stock is buzzing on the back of some good volumes, opening over 3.5% higher at Rs.194.95 and rising more than 10% to hit an intraday high at Rs.206.95.

Upstream oil stocks in green

about 5 years ago

Oil stocks, especially upstream companies like Oil India are doing well. Figuring among the top five gainers on the BSE, the stock is up 10%

Aban Offshore hits 5% UC

about 5 years ago

The stock hit the 5% UC today at Rs.54.40, where it currently remains frozen. Its 52-week high is at Rs.74.90.

Cairn India bounces back

about 14 years ago

Cairn India is doing well today. The stock had hit a 52-week low on 22nd March at Rs.275.55, closing at Rs.277 on Friday. Today, it opened at Rs.280.95 and hit an intra day high at Rs.285.60. The stock is in the green today after the company issued a Press statement today morning, stating th ...

Aban Offshore sets sailing

about 14 years ago

Aban Offshore has literally zoomed up within a span of a few minutes. The stock which was in a ho-hum kind of mood suddenly shot up to 329.50, up over 3%. Volumes shot up to over one lakh shares. The stock is up on news that the company has bagged a Rs.1110 crore order from ONGC. The order i ...

GAIL up and about

about 13 years ago

GAIL is up and about in the green today. The stock is currently up 4.23% at Rs.347, closer to its intra day high at Rs.348. Its 52-week high stands at Rs.395. The stock is up on unconfirmed news reports suggesting that the oil ministry is proposing to exempt Gail from sharing an subsid ...

Deep Inds in good waters

about 11 years ago

Deep Industries, an albeit ignored and not too highly traded stock is in the limelight today. Opening higher at Rs.88, the stock went up to an intra day high at Rs.91 and is now at Rs.88.50, up 15% over yesterdays close. Its 52-week high is at Rs.94.80. Volumes were up almost 3.5 times. The ...

Gas and fertiliser stocks rise

about 7 years ago

Domestic LPG and PNG suppliers are in the limelight today morning. Indraprastha Gas rose almost 3% to Rs.359.20, Mahanagar Gas was up over 2% at Rs.930.75 and Adani Gas was up over 5.5%

Gas distributors rise

about 6 years ago

This is very good for gas distributors and that’s the reason why we see a spurt today in the stock price of Indraprastha Gas, Mahanagar Gas and Gujarat Gas.

Offshore majors cheer Iran deal

about 11 years ago

Offshore drilling contractors such as Aban Offshore, Jindal Drilling, GOL Offshore are all up in the green, anywhere between 14-17%, with record activity (volume surge of 4-20x on BSE) across all the 3 counters. Iran has reached a historic nuclear deal with 6 global powers this af ...

BPCL surprises with a 1:1 bonus

about 11 years ago

BPCL posted a drop in its net profit for Q4FY16 yet the stock price hit a new 52-week high today at Rs.1023.65 and this was after breaching the upper circuit at Rs.1019. Volumes are up almost 6 times. The market is thrilled with the unexpected happy news from BPCL - it surprised everyone wit ...

HOEC in the limelight

about 6 years ago

The stock, which had closed yesterday at Rs.69.10, opened today at Rs.71 and went up further to Rs.75.85. Its 20% UC for the day is at Rs.82.90.

Dolphin Offshore jumps up 10%

about 9 years ago

Dolphin Offshore today rose almost 10% to Rs.91.60 and continues to remain firmly in the green. Its 52-week high is at Rs.158 and low at Rs.72.80.

Deep Inds in deep trouble

about 8 years ago

Deep Industries has hit a three year low today at Rs.107.20 and remains firmly entrenched in the red.

Reliance Naval hits 5% LC

about 8 years ago

Reliance Naval hit the 5% LC today at Rs.15.42 with over 3 lakh pending sell orders on the counter.

Vedanta in the limelight

about 8 years ago

Vedanta is in the limelight today morning. The stock price rose almost 3% to Rs.236.65, with some 4 lakh shares changing hands.

Oil companies hit new lows

about 8 years ago

All the five losers on the BSE currently are oil companies – upstream as well as down stream. All have hit a new 52-week low today.

BPCL , IOC down in red

about 9 years ago

BPCL is down 4% at Rs.430 and IOC is also down 4%, going on to hit a new low at Rs.176 levels.

SURPASSING DIVESTMENT TARGET – THAT’S GOING TO BE EASY PEASY

about 9 years ago

The Govt with great pride, in the Budget announced that its divestment target for FY18, which was pegged at Rs.72,000 crore would not only be met but might even go to a record high of Rs.1 lakh crore. The first time in 14 years that such a feat is accomplished!

FOR NOW, PSU DIVESTMENT STORY LOOKS SAD

about 8 years ago

The target has been set at Rs.80,000 crore and of this, till date, only 19.05% or Rs.15,247 crore has been met. At this point of time, it looks pretty uphill. Well it had come up with this ambitious target riding piggy back on the proposed divestment in Air India in current fiscal, which fizzled out like a deflated balloon.

PSU DIVESTMENT - FINALLY GETS 'SAIL'ING

about 12 years ago

The first PSU to divest stake, place its Offer for Sale (OFS) is about to take off. SAIL, the first PSU stock on sale from the rack of others, is down in the red, with markets apprehensive about a discounted price for the OFS. As such retail investors are being offered shares at a 5% discount

ARAMCO – AS SLIPPERY AS OIL

about 7 years ago

Despite having published an over 600-page prospectus, there is very little detail as the number of shares on offer, the pricing, date of listing – nothing is mentioned. There is a mention in the prospectus though that individual/retail investors will be offered 0.5%. For institutional investors – zilch information on size and pricing. And yet, foreign investors are queueing up to invest. China, obviously with geopolitical benefits in mind is investing $10 billion.

DIVESTMENT TARGET – TOO FAR AWAY

about 7 years ago

A year ago, the Govt was so optimistic; with the halo of the previous successes of the PSU Divestments still hovering around, the target was increased to over Rs.1.05 lakh crore for FY20. Now with the going not as good as expected, stake sales hitting rough bumps

BELLWETHER STOCKS -DO THEY EXIST TODAY?

about 11 years ago

There was a time, few years ago, when the mood on Reliance counter decided the fate of the BSE. If the stock was down, surely the markets had to been streaked in deep red. There was a time when Dhirubhai was unwell and the markets feel.

Oil India

about 17 years ago

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Reliance Defence

about 17 years ago

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What is a 'Call' option?

about 13 years ago

What is a 'Put' option?

about 13 years ago

VENEZUELA - THE POLITICS OF DOING BUSINESS

about 11 years ago

In this new flat world, where a tremor felt in one remote region of the globe could send shivers down the spine of some other far flung country . Globalisation is indeed a double edged sword.Take this latest case. Venezuela and we Indians have very little in common and could not have been farther - across the Indian ocean, some, 15,000 kms away. Yet, we are feeling the impact of the National Assembly elections here in India. Modi's winning might not have

Q1FY16 RESULTS - ANOTHER QUARTER OF MUTED PERFORMANCE

about 11 years ago

The first big wig Q1FY16 performance will come from an IT company; thankfully that tradition remains intact and so does the fact that IndusInd Bank will hold the mantle of being the first private sector bank to announce its performance. But what has changed is that Infosys is no longer the first IT company; it has given up that tradition ever since Sikka took over. This honour, of being first, now lay with TCS. It will be announcing its results on 9th July and like what we have seen in the past, it could be much later in the evening, after market closure.

Q4FY15 - NO EXPECTATIONS, NO DISAPPOINTMENT!

about 12 years ago

Its that time of the year - report card season, exams over. India Inc and the stock market is now bracing itself for the quiet storm which seems to be heading towards Dalal Street. The storm is brewing due to low 'pressure' arising on account of Q4FY15 results, which is expected to be disappointing, to put it mildly. The clouds are dark and looming

DIESEL DEREGULATION & GAS PRICE HIKE - WHOs, WHYS, HOWs & WHATs

about 12 years ago

Diesel price deregulation and gas price hike were two 'items' on the expected agenda. These decisions had been deferred for so long that one had stopped expecting them. But this 'Sunday special' was indeed a big surprise. So we now take a quick Q&A of these two happenings, trying to understand the concept better.

MARKETS -LIKE A 'WAITING ROOM' TILL END OF NEXT WEEK

about 15 years ago

The market is today like a student waiting for the results - with various results expected to come, in a staggered way, the student naturally would like to wait before all results are out and then decide on the course of action. Thus spurts of action and bigger bouts of inaction

PSU DIVESTMENT - GROWING APPETITE FOR PSUs

about 12 years ago

It was with much aplomb that the new Govt had announced, during the July 2014 Budget, a steep rise in its divestment target. As against Chidambaram's target of Rs.36,925 crore from stake sale in PSUs, Jaitley raised the target to Rs.43,425 crore and that too, within a span of eight months.

PRIVATE SECTOR CEO TO HELP TRANSFORM PSUs?

about 13 years ago

Ratan Tata heading NHPC? Or maybe Anil Agarwal heading Coal India? Sounds implausible, doesn't it? Well, if the Govt has its way, it has mooted an idea - why not appoint private sector honchos to head PSUs, maybe starting with Coal India and NHPC? Coal India is currently 'headless'. The CEO of the company, Narsing Rao resigned from the post in May'14, as he is seeking to play a decisive role in the newly formed stated of Telangana.

NAVRATANAS FOR A SPARKLING DIWALI

about 13 years ago

The festival of lights is here and like every year, we all fervently hope and pray that Goddess Lakshmi continues to bless one and all. This is also the time when we all loosen our purse strings and go shopping in full throttle. And like every year, we present a list of stocks which you should buy to ensure that your next Diwali will be even more 'dhamakedar!'.

OIL SUBSIDY - TOO MANY SLIPS AND FALLS

about 14 years ago

Yesterday, the Finance Minister approved the subsidy compensation for oil marketing companies (OMCs) for Q4FY13 at Rs.45,000 crore. Earlier during the fiscal, cash subsidy of Rs.55,000 crore was given; this means that for FY13, the total subsidy doled out is to the tune of a jaw dropping Rs.100,000 crore or Rs.1 trillion. Upstream OMCs will share a subsidy burden to the tune of Rs.60,000 crore.

BELLWETHER STOCKS - WHO WEARS THIS BELL?

about 14 years ago

There was a time, few years ago, when the mood on Reliance counter decided the fate of the BSE. If the stock was down, surely the markets had to been streaked in deep red. There was a time when Dhirubhai was unwell and the markets feel.....

THE POLITICS AND ECONOMICS OF OIL PRICE HIKE

about 14 years ago

Well, the economics and politics of oil is much more slimy and slippery than the price of crude alone. It is a catch 22 situation for the Govt. It bleeds the oil companies if it keeps the prices intact and if it hikes the prices, it will bleed the people of India further. For many, the way the oil pricing works remains a mystery.

INDIA PLAGUED BY 3 P's - POLITICS, PRICES AND PARTYING

about 15 years ago

Politics is all about timing. The right time to protest, the right time to threaten, the right time to woo people with sops, the right time to hike prices and the right time to roll back. And DMK has got its politics bang on!

OMCs - THE MATH IN THE AFTERMATH OF PRICE HIKE

about 15 years ago

The Govt. has allowed Oil Marketing Companies (OMCs) to hike petrol prices by Rs. 7.50 per litre, effective Thursday midnight. A lot has been written and talked about on the same. The pain to the 'aam aadmi', the 'inflationary' rule of the UPA, utter disgust and frustration; it is all a part of the same story. But we are seeing only side of the coin, the side to which we belong. What about the other side?

THE STORY OF ARGENTINA - LESSONS FOR INDIA?

about 15 years ago

We in India are worried about the fiefdom of the Govt when it comes to PSUs, particularly Coal India. But the recent development in Argentina gives some succor; after all it is human nature to feel good when others also suffer along with us. In Argentina, their President, Cristina Fernandez 'nationalised' YPF, an energy company. This company till last week...

'MINORITY' CAN SHOW THE 'MAJORITY' WHO IS IN CHARGE!

about 15 years ago

The Children's Investment Fund (TCI) holds 1.1% stake in PSU, Coal India Ltd (CIL). The Govt is the largest shareholder with a 90% stake. Yet, TCI, the second largest shareholder of CIL, a UK based hedge fund has threatened to sue CIL for bowing down to the sarkar, the Govt, when it comes to pricing.

Strait of Hormuz in focus

about 18 days ago

Crude-sensitive stocks are in focus today as Brent crude moved above $106/bbl after fresh uncertainty around the US-Iran stalemate and the Strait of Hormuz. The broader market sold off sharply, with Sensex down over 1,000 points, but select oil-linked counters such as MRPL and Chennai Petroleum gained