EGoM approves auction process for ONGC divestment; stock up

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EGoM approves auction process for ONGC divestment; stock up

Oil and Natural Gas Corporation (ONGC) touched an intraday high of Rs 284.90 and an intraday low of Rs 276.40. At 13:49 hrs the share was quoting at Rs 283.05, up Rs 7.05, or 2.55%.

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Oil Ministry said that, Empowered Group of Ministers (EGoM) will meet again shortly on divestment. They will decide timing of ONGC divestment at next EGoM meet. However, EGoM approves auction process for ONGC divestment. BHEL and ONGC are candidates for divestment, reports CNBC-TV18.

Oil and Natural Gas Corporation (ONGC) touched an intraday high of Rs 284.90 and an intraday low of Rs 276.40. At 13:49 hrs the share was quoting at Rs 283.05, up Rs 7.05, or 2.55%. It was trading with volumes of 1,020,457 shares.

Bharat Heavy Electricals (BHEL) touched an intraday high of Rs 274.70 and an intraday low of Rs 267. At 13:49 hrs the share was quoting at Rs 273.75, up Rs 8.80, or 3.32%. It was trading with volumes of 1,046,286 shares.