Oil & Natural Gas Corpn Ltd fell for a fifth straight session today. The stock is quoting at Rs 252.45, down 1.44% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78018.99, down 0.83%.Oil & Natural Gas Corpn Ltd has eased around 11.88% in last one month.Meanwhile, Nifty Energy index of which Oil & Natural Gas Corpn Ltd is a constituent, has eased around 10.14% in last one month and is currently quoting at 37705.65, down 1.02% on the day. The volume in the stock stood at 83.14 lakh shares today, compared to the daily average of 125.9 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 253.65, down 1.38% on the day. Oil & Natural Gas Corpn Ltd jumped 26.54% in last one year as compared to a 20.25% rally in NIFTY and a 31.64% spurt in the Nifty Energy index.The PE of the stock is 8.28 based on TTM earnings ending June 24.Powered by Capital Market - Live

ONGC announced that the Board of Directors of the Company at its meeting held on 11 November 2024, inter alia, have recommended the first interim dividend of Rs 6 per equity Share (i.e. 120%) , subject to the approval of the shareholders.Powered by Capital Market - Live

However, revenue from operations declined 3.6% YoY to Rs 33,880.88 crore in the quarter ended 30 September 2024. Profit before tax (PBT) stood at Rs 15,036 crore during the quarter, up 11.37% from Rs 13,501.01 crore posted in same quarter last year. The company's net crude oil realization was $78.33 per barrel (down 7.7% YoY) while gas price realization was $6.50 per mmtbu (flat YoY) during the period under review. During the quarter, crude oil production added 0.7% YoY to 4.576 million metric tonnes (MMT) and gas production was 4.912 billion cubic metre (BCM), (down 2.11% YoY). On consolidated basis, the company's net profit declined 25% YoY to Rs 10,272.50 crore despite of 7.3% rise in revenue from operations to Rs 1,58,329.09 crore in Q2 FY25 over Q2 FY24. Meanwhile, the company's board has declared interim dividend of Rs 6 per equity share for the financial year 2024-25. The firm has fixed 20 November 2024 as record date for the same. Maharatna Oil and Natural Gas Corporation (ONGC) is the largest crude oil and natural gas company in India, contributing around 71% to Indian domestic production. It has in-house service capabilities in all areas of exploration and production of oil & gas and related oil-field services. The Government of India held 58.89% stake in ONGC as of September 2024. The counter added 0.39% to currently trade at Rs 257.90 on the BSE. Powered by Capital Market - Live

Securities in F&O Ban: Aarti Industries, Aditya Birla Fashion Retail (ABFRL), Granules India, Hindustan Copper, Manappuram Finance are banned from F&O trading on 12 November 2024. Upcoming Result: Zydus Lifesciences, 3M INDIA, Ashoka Buildcon, Aditya Vision, BASF India, Bosch, CERA Sanitaryware, CESC, Cupid, EIH, Finolex Cables, Greaves Cotton, GSFC, Infibeam Avenues, Ingersoll-Rand (INDIA), ION Exchange (INDIA), Jyothy Labs, Kirloskar Oil Engines, KNR Constructions, Sula Vineyards, Marksans Pharma, Medplus Health Services, Minda Corporation, Samvardhana Motherson International, Natco Pharma, Nucleus Software will declare their result later today. Stocks to Watch: Oil & Natural Gas Corporation (ONGC)'s consolidated net profit declined 25% to Rs 10,272.50 crore despite of 7.3% increase in revenue from operations to Rs 1,58,329.09 crore in Q2 FY25 over Q2 FY24. Blue Dart Express' consolidated net profit declined 14% to Rs 62.84 crore on 9.4% increase in net sales to Rs 1448.46 crore in Q2 FY25 over Q2 FY24. NMDC reported 18.1% jump in net profit to Rs 1,211.57 crore on 22.5% increase in net sales to Rs 4,918.91 crore in Q2 FY25 over Q2 FY24. The company's board approved the issuance of bonus shares in the ratio of 2:1. Britannia Industries' consolidated net profit declined 9.6% to Rs 531.45 crore despite of 4.5% increase in net sales to Rs 4,556.23 crore in Q2 FY25 over Q2 FY24. Shree Cement's consolidated net profit tumbled 82.9% to Rs 76.44 crore on 15.1% fall in net sales to Rs 4054.17 crore in Q2 FY25 over Q2 FY24. Hindalco Industries' consolidated net profit jumped 78% YoY to Rs 3,909 crore in Q2 FY25. Net sales increased 7.4% YoY to Rs 58,203 crore during the quarter. Indiamart Intermesh's subsidiary, Tradezeal Online entered into share purchase agreement to disinvest a 26% stake in Shipway Technology by way of sale of 4,088 Compulsorily Convertible Preference Shares ('CCPS') and 100 Equity shares for total consideration of Rs 41.59 crore. Welspun Corp's wholly owned subsidiary, Welspun Mauritius Holdings has divested 5% equity stake in East Pipes Integrated Company (EPIC) for an overall consideration of SAR 218.9 million (Approximately $58 million).Powered by Capital Market - Live

Net profit of Oil & Natural Gas Corpn declined 25.04% to Rs 10272.50 crore in the quarter ended September 2024 as against Rs 13703.38 crore during the previous quarter ended September 2023. Sales rose 7.26% to Rs 158329.10 crore in the quarter ended September 2024 as against Rs 147613.68 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales158329.10147613.68 7 OPM %12.9419.02 - PBDT20909.1228413.34 -26 PBT12700.1121334.77 -40 NP10272.5013703.38 -25 Powered by Capital Market - Live

Oil & Natural Gas Corpn announced that India Ratings and Research has taken the following ratings action on debt instruments of the company: Proposed fund based/non-fund-based working capital limit - IND AAA/ Stable/ IND A1+ (affirmed) Non convertible debentures - IND AAA/Stable (affirmed) Non-fund-based working capital limit - IND AAA/ Stable/ IND A1+ (affirmed) Proposed commercial paper - IND A1+ (affirmed) Fund-based working capital limit - IND AAA/ Stable/ IND A1+ (affirmed) Non fund based working capital limit - IND AAA/ Stable / IND A1+ (assigned) Powered by Capital Market - Live

ONGC will hold a meeting of the Board of Directors of the Company on 11 November 2024Powered by Capital Market - Live

Oil & Natural Gas Corpn has been allotted 5,59,47,96,935 equity shares of 10/- each by ONGC Petro Additions (OPaL) (subsidiary of the company) by way of subscription of shares on right basis. Upon the said allotment, shareholding of the Company has increased from 91.16% to 94.04%. Powered by Capital Market - Live

Oil & Natural Gas Corpn announced the change in senior management (one level below the Board) effective from 01 October 2024 is as under: 1. Vishal Shastri - Executive Director (Superannuation) 2. Shanti Swaroop Sharma - Executive Director (Superannuation) 3. Yogesh Bahukhandi - Executive Director (Superannuation) Powered by Capital Market - Live

In September 2023, the board of the company had accorded its consent on sustainable capital restructuring of ONGC Petro additions (OPaL). OPaL is a a joint venture of ONGC, GAIL (India) Ltd. and GSPC with present shareholding of 49.36%, 49.21% and 1.43% respectively. It is a mega - grass root petrochemical complex consists of a global scale dual feed cracker with downstream polymer units as an integration-cum-value addition project utilizing ONGC's Naphtha stream from Hazira and Uran plants and C2+ Streams from Dahej Extraction Plant. OpaL is an anchor tenant of Dahej PCPIR, Gujarat and has exported its products to more than 50 countries in the world. Offering the rationale for the aforementioned capital restructuring, ONGC had said that the fund infusion would not only augment the holding of ONGC in OPaL, but it would also help OPaL become more profitable. In August this year, the Ministry of Petroleum & Natural Gas, Government of India (GoI), had granted approved to ONGC for infusion of additional equity capital upto Rs 10,501 crore in ONGC Petro. The transaction would also involve conversion of back stopped compulsorily convertible debentures (CCDs) amounting to Rs 7,778 crore and payment of balance amount of Rs 86 crore with respect to share warrants. All this would translate into an outlay of Rs 18,365 crore for ONGC. Accordingly, this transaction would change the status of OPaL into subsidiary of ONGC with 95.69% equity stake. The approval also provides roadmap for OPaL. GoI has also permitted to allocate 50% of the annual gas production from new wells or well interventions in nomination fields of ONGC or upto 3.2 MMSCMD of domestic natural gas, whichever is lower, for providing feedstock support to OPaL, at a price up to 20% above APM price. APM Price of natural gas per MMBTU is 10% of Indian Crude basket price per barrel of Oil,' ONGC had said in a statement. Offering an update on the same, in an exchange filing made after market hours on Wednesday (25 September 2024), ONGC said that it has received approval from its board for infusion Rs 10,501 crore equity capital in ONGC Petro additions. At the same meeting yesterday, the board of the company has also approved the appointment of Arunangshu Sarkar, director (strategy & corporate affairs) as a key managerial personnel of the company with immediate effect. Maharatna Oil and Natural Gas Corporation (ONGC) is the largest crude oil and natural gas company in India, contributing around 71% to Indian domestic production. It has in-house service capabilities in all areas of exploration and production of oil & gas and related oil-field services. The Government of India held 58.89% stake in ONGC as of June 2024. The company had reported 15.09% decline in standalone net profit to Rs 8,938.10 crore in Q1 FY25 as compared with Rs 10,526.78 crore in Q1 FY24. Revenue from operations increased 4.29% YoY to Rs 35,266.38 crore in Q1 FY25. The scrip fell 1.93% to currently trade at Rs 292.80 on the BSE. Powered by Capital Market - Live