Meanwhile, the BSE Sensex was down 84.68 points, or 0.48%, to 17,622.64.
On BSE, 1.94 lakh shares were traded in the counter compared with average volume of 7.20 lakh shares over the past two weeks.
The stock hit a high of Rs 281.50 and a low of Rs 275.80 so far during the day. The stock had hit a 52-week high of Rs 325.50 on 29 April 2011 and a 52-week low of Rs 226.95 on 15 July 2011.
The large-cap state-run oil explorer has an equity capital of Rs 4277.74 crore. Face value per share is Rs 5.
The company announced during market hours on Wednesday that net profit fell 4.82% to Rs 6741.41 crore on 2.4% decline in sales revenue to Rs 18199 crore in Q3 December 2011 over Q3 December 2010. Shares of ONGC had fallen 1.29% to Rs 282.95 on Wednesday, 8 February 2012.
ONGC attributed the weak performance to a surge in under recovery discount. ONGC said its under-recovery shot up by 197% to Rs 12536 crore in Q3 December 2011 over Q3 December 2010.
The company had an exceptional item of Rs 3,142 crore relating to royalty receipts. This was received from Cairn India towards royalty on the Rajasthan fields' output for the August 2009-September 2011 period.
ONGC's net realization fell 30.62% to $44.96 per barrel in Q3 December 2011 from as high as $64.79 in Q3 December 2010.
The company said it notified five more discoveries since the last board meeting held on 4 January 2012.