ONGC shares gained after the firm announced it will invest around Rs 2 lakh crore to establish renewable energy sites and green hydrogen plants in an attempt to achieve its net-zero carbon emission goal by 2038.Additionally, the state-owned firm will invest Rs 97,000 crore by 2030 to establish 5 gigawatts of renewable energy capacity, green hydrogen, biogas, a pump storage plant, and an offshore w...

International brokerage Jefferies retained its buy call on ONGC, noting that the central government's policy continuity should keep the oil PSU's profitability elevated.ONGC shares jumped over three percent in early trade on June 11, quoting Rs 267.6 on the NSE at 9.25 am. The oil player was the top gainer on the Nifty 50 index.Since the election verdict was announced on June 4, with the BJP unabl...

Oil and Gas stocks bled on June 4 as investors rushed to book profits after the sharp rally in the previous session. The Nifty Oil & Gas index slipped over 5 percent in early trade with losses led by Adani Total Gas which nosedived over 10 percent.Shares of ONGC, Gail India, and other PSUs in the sector including HPCL, Indian Oil, and BPCL also fell to 7 percent on profit-taking.The Nifty Oil & Ga...

Oil and Natural Gas Corporation (ONGC) reported a 78 percent surge in its consolidated net profit for the fourth quarter of FY24 from last year. The explorer’s revenue from operations, however, increased slightly during the January-March 2024 period.ONGC reported a 1.6 percent slide in crude oil production in FY24 from last year despite the government’s call to boost domestic production to red...

BSE Oil & Gas index has been one of the top-performing indices in 2024, up by more than 22 percent on a year-to-date basis. The BSE Oil & Gas index has displayed one of the best outperformances over BSE Sensex in six months since November 2023.ONGC shares are seen rallying on bourses on April 15, a weak market day where BSE Sensex is down by 500 points at 10.45 am. ONGC shares are up by 3.63  per...