Why are ONGC shares falling?

There are broadly 3 reasons for the fall in the ONGC prices. ONGC is an upstream company and its profit depends on the crude oil prices. However, due to weakness in global growth, tepid industrial growth in China and the ongoing trade war between the US and China have dampened the spirits of the stock.

How can I invest in ONGC?

How to buy shares in ONGC from India

1. Compare share trading platforms.
2. Open and fund your brokerage account.
3. Search for ONGC Find the stock by name or ticker symbol: ONGC.
4. Purchase now or later.
5. Decide on how many to buy.
6. Check in on your investment.

What is the future of ONGC share?

As on 16th Aug 2021 ONGC Share Price closed @ 115.50 and we RECOMMEND Strong Buy for LONG-TERM with Stoploss of 98.90 & Sell for SHORT-TERM with Stoploss of 119.08 we also expect STOCK to react on Following IMPORTANT LEVELS….ONGC Share Price.

Is ONGC part of Nifty 50?

Here’s Why. Shares of Oil and Natural Gas Corp. surged, making the explorer a top gainer on the Nifty 50, on reports that India is considering a floor price for natural gas produced from local fields. …

Is ONGC running in loss?

ONGC has been incurring losses on the 65 million standard cubic meters per day of gas it produces from domestic fields. India’s top oil and gas producer ONGC on Friday said it is losing Rs 6,000-7,000 crore on natural gas business after the government-mandated rates for the fuel dropped to a decade low.

Is ONGC a good company to invest?

ONGC is certainly an avoid for me. One could buy in IT depending on your risk profile. If you are highly risk averse, then the likes of Infosys and TCS offer a good balance in terms of risk return. That is how we are playing the IT companies at this point of time.

Who is owner of ONGC?

Government of India
Ministry of Petroleum and Natural Gas
Oil and Natural Gas Corporation/Parent organizations

Do ONGC employees get pension?

The current benefits are in the range of 18% to 20% of last Basic Pay of the superannuating employee i.e. an employee with a Basic Pay of Rs 40000/- p.m gets approximately Rs 7000/- p.m as Gross Pension (under Annuity Option E -which maximizes monthly pension.)

Why is ONGC profitable?

State-run Oil & Natural Gas Corporation (ONGC) on Thursday reported a standalone net profit of ₹67.3 bn in the March quarter. The profit was mainly driven by higher realisation. Net realisation increased by 18.4% to US$58.05 a barrel in the March quarter, compared to US$49.01 a barrel the same quarter last year.

Is ONGC debt free?

‘ When we think about how risky a company is, we always like to look at its use of debt, since debt overload can lead to ruin. We note that Oil and Natural Gas Corporation Limited (NSE:ONGC) does have debt on its balance sheet.

What is the stock price of ONGC now?

ONGC reported halving of its net profit in the third quarter ended December 2019. There are corporate actions that often bring material changes to a company, directly affecting stakeholders. The S&P BSE Oil & Gas index was trading 6.15 per cent up at 10622.73 .

How is oil and Natural Gas Corporation share price?

We analysed the performance of Oil & Natural Gas Corporation Ltd share prices over the last 10 years. Here is what we found out: Oil & Natural Gas Corporation Ltd share price has depreciated -3.6% annually over the past ten years. (Rs.) Rs. (%)

What kind of crude oil does ONGC use?

Crude oil is the raw material used by downstream companies like IOC, BPCL, and HPCL (subsidiary of ONGC) to produce petroleum products like Petrol, Diesel,… The valuation guidance of this company is based on Standalone basis.

How is ONGC going to become a consumer facing company?

The company is setting up a subsidiary for getting into gas and lng value chain, from trading to marketing. Will finally ONGC become a consumer facing company at large scale. Given the fact that ONGC’s oil wells are very old, it is unlikely that it can reduce its cost of production beyond a level.