ONGC shares up over 4 pc after Q1 results

Aug 13, 2012 |

mumbai

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ONGC
shares

Shares of Oil and Natural Gas Corp Ltd on Monday rose by over 4 per cent in early trade on the back of impressive earnings in the April-June quarter.

After making a bullish opening, shares of the energy major further surged 4 per cent to Rs 290.75 on the BSE.

Similarly, at the National Stock Exchange, the stock jumped 4.19 per cent to Rs 290.65.

State-owned ONGC on Saturday reported a 48 per cent jump in June quarter net profit to Rs 6,077.70 crore.

ONGC had posted a net profit of Rs 4,094.90 crore in the April-June period of last financial year.

The company had also said it is likely to sign a MoU with the Japan's Mitsui for a LNG project by this month.

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