ONGC is seen registering net profit 28 per cent lower in April-June quarter to Rs.3163 cr from Rs.4416.11 cr in quarter-ago period. As per a CNBC-TV18 poll, the oil and gas company may witness a total income up 44 per cent at Rs.23636 cr as compared to Rs.16384.8 cr on sequential basis.
During the quarter, EBITDA is likely to sharply recover on sequential basis from an extremely weak fourth quarter. In Q1, EBIDTA is seen up 82 per cent at Rs.8164 cr as opposed to Rs.4487.2 cr while EBIDTA margins are seen at 34.5 per cent against 27.4 per cent.
Analysts polled by CNBC-TV18 predict net oil realization of USD 47/bbl but gas realization should be lower by 20 per cent in accordance to the domestic price cut from 1st April 2016.
Meanwhile, ONGC share price was trading 0.54 per cent higher at Rs.239.85 on NSE today. The scrip opened at Rs.239.20 from a previous closing of Rs.238.55. As of 11:07 am, the day’s high stood at Rs.241.90 while the day’s low read at Rs.238.50. So far, 13,68,214 shares have changed hands on the NSE counter having a traded value of Rs.3,290.28.
The stock has an ADM or Average Daily Movement of 5.77. Its average volume of 20 days stands at 37,15,402 shares. The market cap of ONGC amounts to Rs.2,04,091.22 (Cr) while the book value stands at 227.43. The P/E Ratio of the scrip is recorded to be 12.78. For information on support and resistance levels of the scrip, visit ONGC share price history.
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