The stock is among the top gainers on both the indices during Friday’s trade.
The company’s revenue from operations rose to Rs27,694cr from Rs22,995.88cr, but crude oil production dropped 4.8%, while gas output increased by 6.6%. The company’s written-off cost for exploratory increased by 79% yoy and 120% sequentially to Rs2,388.42cr during the quarter.
Oil & Natural Gas Corpn Ltd is currently trading at Rs139.90 up by Rs7.8 or 5.9% from its previous closing of Rs132.10 on the BSE. The scrip opened at Rs139 and has touched a high and low of Rs140.80 and Rs135.05 respectively.