Espresso Shot of the Day - Oil And Natural Gas Corporation Ltd up by 4.32 percent

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Espresso Shot of the Day - Oil And Natural Gas Corporation Ltd up by 4.32 percent

March 03, 2022
Espresso Shot of the Day - Oil And Natural Gas Corporation Ltd up by 4.32 percent

OIL AND NATURAL GAS CORPORATION LTD 170.10  (+4.32%) BSE – INE213A01029 | 3RD MARCH 2022


Maharatna ONGC is the largest crude oil and natural gas Company in India, contributing around 71 per cent to Indian domestic production. Crude oil is the raw material used by downstream companies like IOC, BPCL, HPCL and MRPL (Last two are subsidiaries of ONGC) to produce petroleum products like Petrol, Diesel, Kerosene, Naphtha, and Cooking Gas LPG. ONGC has a unique distinction of being a company with in-house service capabilities in all areas of Exploration and Production of oil & gas and related oil-field services. Winner of the Best Employer award, this public sector enterprise has a dedicated team of around 28,500 professionals who toil round the clock in challenging locations. ONGC Videsh Limited, a Miniratna Schedule “A” Central Public Sector Enterprise (CPSE) of the Government of India under the administrative control of the Ministry of Petroleum & Natural Gas, is the wholly-owned subsidiary and overseas arm of Oil and Natural Gas Corporation Limited (ONGC), the flagship national oil company (NOC) of India. The primary business of ONGC Videsh is to prospect for oil and gas acreages outside India, including exploration, development and production of oil and gas.


Recent Drivers

  • On March 2, 2022, Exxon Mobil Corp's decided to exit Russia. This decision has put India's flagship overseas firm ONGC Videsh in a fix, as it is a partner in the global energy giant-operated Sakhalin-1 oil fields in Far East Russia.
  • On Feb 15, 2022, the company reported Net Sales at Rs.28, 472.91 crores in December 2021, up 67.25% from Rs.17, 023.80 crores in December 2020.
  • On Feb 15, 2022, the company reported a Quarterly Net Profit of Rs.8, 763.72 crores in December 2021, up 535.87% from Rs.1, 378.23 crores in December 2020.
  • On Feb 11, 2022, the company declared an Interim Dividend of Rs.1.75 per equity share of face value of Rs.5/- each.
  • On Feb 4, 2022, the company appointed Dr. Madhav Singh as a Non-official Independent Director.
  • On Jan 22, 2022, ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corporation (ONGC), declared a 2019 gas discovery in the deepsea block in Brazil as commercially viable and has now entered the development stage that will bring it to production.
  • On Jan 21, 2022, the company appointed Shri Anuarg Sharma as the Chief Financial Officer (CFO) of the Company.
  • On Jan 5, 2022, GAIL (India) acquired an equity stake of 26% in ONGC Tripura Power Company (OTPC), which owns and operates a 726.6 MW gas-based combined cycle power plant in Palatana, Tripura.
  • On Dec 3, 2021, company has signed an agreement with Solar Energy Corporation of India (SECI) to scale up its clean energy projects.
(Sources:,  Business standard, Moneycontrol, BSE, Economic Times)


Technical Force*

  • S&P BSE 200 month till date gain up by -1.50%
  • Spurt in Volume by more than 3.04 times compare to previous vol. 3 months avg. volume: 9,20,685
  • Quantity traded: 27, 48,549 | Deliverable quantity: 11, 50,543 (41.86%)
  • Stock price has jumped more than 75% from one-year-low level: 97.45 (Apr 12, 2021)
  • Daily RSI (14) is in Oversold territory today
  • 52-week-high: 176.40 | 52-week-low: 97.45


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

265.70

219.25

180.80

134.35

95.90

49.45

11.00

     -

Fibonacci Pivot

219.25

186.82

166.78

153.88

134.35

114.82

101.92

81.88

49.45


Today’s Close

170.10

SMA

BSE

10 DAY

163.84

20 DAY

165.75

50 DAY

159.94

200 DAY

139.01


Some Key Ratios (Source: BSE)

Market Cap:  2,13,990.55 Crores

PE: 5.60

OPM%: 57.40

ROE%: 16.65

Promoters holding%: 60.41

Prev. Close: 163.05

*Chart and Technical Force data from the Binge desktop app
The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Sharekhan Comtrade bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Sharekhan Comrade Private Limited is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.