ONGC Share Worth, ONGC Divided 2023: Shares of Oil and Pure Fuel Company (ONGC) jumped 4 per cent on Thursday after the federal government slashed windfall tax on crude oil, exports of ATF and diesel.

The inventory has additionally been gaining on the again of 26 per cent rise in internet revenue within the December quarter. The scrip opened at Rs 150 apiece on NSE, up almost 2 per cent from the earlier shut of Rs 147.50. The inventory hit a excessive Rs 153.30, gaining 4 per cent, and a low of Rs 148.40. The counter held firmly in inexperienced round midday to commerce at Rs 152.20.

The state-owned explorer within the December quarter reported a standalone revenue of Rs 11,045 crore, registering a development of 26 per cent YoY, helped by larger crude and fuel costs. The revenue within the corresponding interval of final fiscal stood at Rs 8,764 crore. The Maharatna firm’s standalone income rose by 36 per cent to Rs 38,583 crore from Rs 28,473 crore registered within the year-ago interval. The rise in ONGC’s income and revenue was primarily pushed by surging APM fuel costs, although they had been impacted by a moderately subdued development in its oil and fuel enterprise volumes.

ONGC Share Worth Goal 2023

World brokerage agency CLSA has really useful a purchase score on the scrip with a worth goal of Rs 225 per share, implying an upside of 53 per cent from the present worth. It mentioned that the corporate’s earnings miss out on larger exploration prices and working bills. The New Delhi headquartered firm has the utmost dividend yield within the Asian large-cap house.

ONGC Dividend 2023

The oil and fuel main has declared paying the second interim dividend of Rs 4 per fairness share to its shareholders for the monetary 12 months 2022-23. The corporate has fastened February 24 because the file date for figuring out the eligibility of the shareholders for the fee of dividend.

“In phrases  of  Regulation  42  of  SEBI  (Itemizing  Obligations  and  Disclosure  Necessities)  Rules,  2015, Friday, the twenty fourth February, 2023 would be the File Date for figuring out eligibility of shareholders for fee of the mentioned Interim Dividend,” the corporate mentioned in a regulatory submitting earlier this week. ONGC is a Maharatna firm. It’s the largest crude oil and pure fuel firm within the nation, contributing round 71 per cent to home manufacturing.

ONGC dividend 2023: Examine quantity and file date | ONGC share worth NSE, Q3 outcomes

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