7 Of the 10 Valued Indian Cos Lose Rs. 72 K Cr M Value

The total market valuation of seven of the 10 most valued Indian companies plunged by Rs 72,452.27 crore during the gone week with Oil and Natural Gas Corporation (ONGC) emerging as the worst hit.

While Tata Consultancy Services, Reliance Industries Ltd, HDFC Bank, ONGC, Infosys, Coal India Ltd and State Bank of India faced losses in their market capitalization or M-Cap for the week, ITC, HDFC and Hindustan Unilever Ltd (HUL), on the other hand, made gains.

ONGC- The market valuation of ONGC dived by Rs 17,367.65 crore to Rs 2,30,698.79 crore.  ONGC share price is trading above 0.09 per cent at Rs. 269.75. ONGC posted a net profit of Rs 4,974.92 crore, up 6.3 per cent. It posted net sales of Rs 18286.62 crore for this quarter.

RIL-The M-Cap of RIL fell by Rs 14,724.35 crore to Rs 3,26,205.83 crore . Reliance share price tanked 0.11 per cent, intraday on Monday.

Meanwhile, the Centre has fined Reliance Industries and its partners BP and Niko nearly slapped a Rs.10,000 crores for pumping out gas that flowed to the Krishna Godavari-D6 Block from a nearby field owned by ONGC. Reliance and its partners have been given a month time to reciprocate to the notice issued by the Ministry of Petroleum and Natural Gas.

TCS- TCS tumbled by Rs 12,709.26 crore to Rs 4,59,129.41 crore. TCS share price tanked nearly 2 per cent, trading at Rs. 2303.95.

SBI- SBI’s market capitalization dipped by Rs 11,644.17 crore to Rs 1,88,519.04 crore. But the stock rolled above 3 per cent to touch the day’s high and low at Rs. 250.60 and Rs. 245.50.

Infosys- The market valuation of Infosys slipped down by Rs 7,281.31 crore to Rs 2,22,987.39 crore . While the Indian IT sector is facing tough times, Infosys seems a value buy now. In the recent September quarter, Infosys performed better than all its peers. Infosys share price is quoting at 1.14 per cent.

CIL decreased by Rs 6,632.18 crore to Rs 1,99,281.30 crore. This morning, Coal India share price opened at Rs. 318.90.

HDFC Bank‘s market capitalization decreased by Rs 2,093.35 crore to Rs 3,17,052.75 crore. 

ITC- On the other hand, the M-Cap of ITC increased by Rs 8,722.84 crore to Rs 3,01,786 crore. Even the stock rolled above 3 per cent.

HUL- HUL increased by Rs 1,547.46 crore to Rs 1,83,400.64 crore. HUL share price is trading below 10 points.

HDFC‘s market value increased by a mild Rs 23.76 crore to Rs 2,18,747.29 crore. HDFC share price showed a marginal rise by 0.04 per cent.

In the ranking of top 10 firms, TCS maintained its top position, followed by RIL, HDFC Bank, ITC, ONGC, Infosys, HDFC, Coal India, SBI and Hindustan Unilever.

Over the first week of the new ‘Samvat 2073′, the Sensex and Nifty both registered losses by plunging 667.36 points, or 2.38 per cent, and 204.25 points, or 0.36 per cent, respectively.

ONGC Trades at New One Year High on Strong Q2 Results

ONGC, India’s biggest energy explorer, announced its Q2 results for the FY17 yesterday. Its net profit came in at Rs 4,975 crore in the quarter ended September 30, increasing from Rs 4,233 crore a quarter earlier. This value is 15 percent higher than the market estimates. Total sales have grown marginally by 3.5 percent to Rs 18,287 crore.

ONGC share price surged as much as 2.52 percent touching 297.40 per share, trading on a new 52 week high, after the board approved an interim dividend and bonus share issue to shareholders.

Earnings before interest, tax and depreciation and amortization (EBITDA) has surged 8 percent as compared to the first quarter to come in at Rs 9,100 crore, while EBITDA margin extended by 207 basis points to 49.5 percent on the back of cost control actions that were initiated in the first quarter.

Some Standard Prices

Brent crude, the approximate figure for half of the world’s crude including India’s, aggregated $45.9 a barrel in the Quarter ended 30 September, 8.5 percent lower than a year earlier, and staying flat on a quarter-on-quarter basis.

ONGC realized a price of $47.92 per barrel of crude, 4 percent over than that the first quarter from self-operated blocks. In joint venture blocks, the price realization was up by 7 percent over the last quarter at $ 41.71 per barrel.

The company did not have to put up with any subsidy burden in the second quarter. Gas price realization stayed stable on a quarter-on-quarter basis, selling gas at $3.06 per million British thermal units (Btu).

ONGC plans to spend Rs 29,000 crore in this financial year to attempt and meet the government’s objective of reducing dependence on crude imports from the current 80 percent to 67 percent by 2022.

ONGC’s total oil output was flat at 6.392 million metric tons (MMT) in the second quarter, just a marginal rise from 6.345 MMT a quarter ago, while gas production increased 6 percent to 5.807 billion cubic meters. ONGC has notified seven new findings in second quarter taking the total figure to 15 in this financial year.

Diwali Bonanza

The board has also declared an interim dividend of Rs 4.5 per share, which converts to 27 percent of its total cash and cash equivalents. A bonus issue of 1:2 ratio, i.e., one bonus share for every two shares owned has also been recommended by the board, subject to shareholders’ approval.

ONGC Q2 Profit Seen Up, Operational Earnings to be Strong

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.

ONGC Shares Slips 5% in Two Days Amid Divestment Buzz

The government is looking forward to sell 5 per cent stake in state-run oil exploration company Oil and Natural Gas Corporation (ONGC).  As per reports, in order to reach its divestment target of Rs 56,500 crore for this financial year, the government has been on the front to raise revenue and will hopefully divest 5 per cent of its stake in ONGC to raise approximately Rs 10,000-12,000 crore. The government is eager to offload its 5 per cent stake in ONGC the third quarter of this fiscal year. Following this development, ONGC shares have slipped 5.45 per cent in the past two trading sessions. At present market price, 5 per cent of ONGC is valued at Rs 11,100 crore and the government’s aggregate shareholding currently stands at 68.93 per cent. For the last few years, both UPA and NDA have fallen short of their divestment target. In the past, volatile market conditions and lack of interests from investors, as they did not get the target companies worth investing in at the price being quoted by the government, have been accused for not meeting the divestment target.

ONGC share price was trading 0.86 per cent lower at Rs 247.40, underperforming the Nifty which was up 0.3 per cent. The stock has an ADM or Average Daily Movement of 5.79. Its average volume of 20 days stands at 5665772. The market cap of ONGC amounts to Rs. 213502.26 (Cr) while the book value stands at 215.94.

ONGC is analyzed by Dynamic Levels as the top 500 performing stocks for the June quarter among the 1700 stocks which are listed on the NSE.  ONGC is fundamentally strong and is safe for investment, as per Dynamic analysts.In order to know about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a visit to ONGC share price history.

ONGC Q1 Net Seen 28% Lower, EBITDA to Sharply Recover

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 1^st 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.