Oil and Natural Gas Corporation (ONGC) is estimated to post a 2.8 per cent growth in second quarter (Q2) standalone profit at Rs 4,349 cr and 3.2 per cent growth in revenue at Rs 18,347 cr on sequential basis, according to analysts polled by the media.
EBITDA or earnings before interest, tax, depreciation and amortization may grow 11.9 per cent quarter-on-quarter to Rs 9,433 cr and margin may expand 400 basis points (bps) to 51.4 per cent in July-September quarter (Q2). Net realization is likely to be around 47 US dollar a barrel for the quarter against 46.9 US dollar a barrel in previous quarter.
Key things to keep in mind:
- Subsidy sharing
- Oil & gas production volumes
- Depletion, depreciation and amortisation charges
- Novel investments in KG Basin following novel deep water gas pricing policy
The company will also consider bonus issue along with its quarterly results.
ONGC share price history:
Meanwhile, ONGC share price was trading 0.29 per cent lower at Rs.289.25 on the National Stock Exchange (NSE) today. The scrip opened at Rs.292 from a previous closing of Rs.290.10.
ONGC is analyzed by Dynamic Levels Researchers and analysts as the top 500 performing stocks for the current quarter among the 1700 stocks which are listed on the National Stock Exchange (NSE). ONGC is fundamentally strong, financially sound and is safe for investment, as per Dynamic analysts and market experts.
ONGC has a market cap of Rs. 248194.77 (Cr) while its book value stands at 215.94. The 52-week high of the stock stands at Rs. 293.70 (25-Oct-16) while the 52-week low reads at Rs. 187.75 (12-Feb-16). The life time high & low of the stock stands at Rs. 471.85 (09-Jun-14) and Rs. 15.85 (09-May-2000), respectively.
In order to gain information about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a quick visit to ONGC share price history.
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