ONGC share price rises 2% as company turned profitable in Q4
The company board recommended final dividend of Rs 1.85 per equity share of Rs 5 each i.e. 37% for the Financial Year 2020-21.
June 25, 2021 / 10:09 AM IST
Oil and Natural Gas Corporation (ONGC) share price rose over 2 percent in the early trade on June 25 after the company posted profit in the quarter ended March 2021.
The company, on June 24, reported a standalone profit of Rs 6,734 crore for the quarter ended June 2021, driven by realisations.
The PSU oil & gas major posted a loss of Rs 3,214 crore in the year-ago quarter.
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Gross revenue during the quarter declined 1.2 percent to Rs 21,189 crore compared to the corresponding period last fiscal, the company said in its BSE filing.
Also Read - ONGC reports Q4 profit at Rs 6,734 crore, realisation increases 18.4%
The company board recommended final dividend of Rs 1.85 per equity share of Rs 5 each i.e. 37% for the financial year 2020-21, subject to declaration by the members at the ensuing Annual General Meeting.
At 09:25 hrs, Oil and Natural Gas Corporation was quoting at Rs 123.85, up Rs 1.80, or 1.47 percent on the BSE.
The share touched a 52-week high of Rs 128.45 and a 52-week low of Rs 64.15 on 15 June, 2021 and 29 October, 2020, respectively.
Currently, it is trading 3.58 percent below its 52-week high and 93.06 percent above its 52-week low.