Ongc share dividend 2023

The stock has also been gaining on the back of 26 per cent rise in net profit in the December quarter. The scrip opened at Rs 150 apiece on NSE, up nearly 2 per cent from the previous close of Rs 147.50. The stock hit a high Rs 153.30, gaining 4 per cent, and a low of Rs 148.40. The counter held firmly in green around noon to trade at Rs 152.20. The state-owned explorer in the December quarter reported a standalone profit of Rs 11,045 crore, registering a growth of 26 per cent YoY, helped by higher crude and gas prices. The profit in the corresponding period of last fiscal stood at Rs 8,764 crore. The Maharatna company's standalone revenue rose by 36 per cent to Rs 38,583 crore from Rs 28,473 crore registered in the year-ago period. The rise in ONGC's revenue and profit was mainly driven by surging APM gas prices, though they were impacted by a rather subdued growth in its oil and gas business volumes. ONGC Share Price Target 2023 Global brokerage firm CLSA has recommended a buy rating on the scrip with a price target of Rs 225 per share, implying an upside of 53 per cent from the current price. It said that the company's earnings miss out on higher exploration costs and operating expenses. The New Delhi headquartered company has the maximum dividend yield in the Asian large-cap space. Brokerage Rating Price Target CLSA Buy Rs 225 Morgan Stanley Overweight Rs 177 JP Morgan Neutral Rs 165 Citi Neutral Rs 155 ONGC Dividend 2023 The oil and gas major has declared paying the s...

Mumbai, 29th May 2023 (GNI): Shri Arun Kumar Singh, Chairman ONGC, Shri Rajarshi Gupta, Managing Director, OVL and Shri M. Venkatesh, Managing Director, MRPL along with the Directors of ONGC group at a media meet in Mumbai – PHOTO BY Sumant Gajinkar GNI Mumbai 29th May 2023 (GNI): ONGC declares results for FY’23; posts net profit of Rs 38,829 crore for FY’23, highest ever total dividend of 225% for FY’23 Mumbai, Shri Arun Kumar Singh, Chairman ONGC, addressing at a media meet in Mumbai – photo by Sumant Gajinkar GNI Highlights: • Gross Revenue Rs. 36,293 crore in Q4FY’23, up by 5.2 %; Rs. 1,55,517 crore in FY’23, up by 40.9% • Total dividend for FY’23 Rs. 11.25 per share (225%) considering interim dividend of Rs. 10.75 per share (215%) and Final dividend of Rs. 0.50 per share (10%) • Eight discoveries made and three monetized in FY’23 ONGC Board of Directors in its 364 th Meeting held on 26 th May, 2023, approved the annual results for FY’23. • Financial Performance (Standalone) Particulars Q4FY’23 Q4FY’22 % Var FY’23 FY’22 % Var Gross Revenue (Rs. Crore) 36,293 34,497 5.2 1,55,517 1,10,345 40.9 Exceptional items (including current year provision for ST/GST on royalty)* (12,107) – – (12,107) – – Profit/(loss) Before Tax (PBT) *(Rs. Crore) (979) 11,714 (108.4) 50,395 41,040 22.8 Profit/(loss) After Tax (PAT)*(Rs. Crore) (248) 8,860 (102.8) 38,829 40,306 (3.7) * The company has reviewed the entire issue of disputed Service tax and GST on royalty and has decided to make a pro...

ONGC Dividend 2023, ONGC Dividend 2023 Amount, ONGC Dividend Record Date 2023: Oil and Natural Gas Corporation (ONGC) declared paying the second interim dividend to its shareholders for the financial year 2022-23. Besides, the company has also fixed the record date for the payment of dividend. ONGC is the largest crude oil and natural gas company in the country, contributing around 71 per cent to domestic production. The state-owned oil and natural gas company has fixed February 24, 2023 as the Record Date for the purpose of determining the eligibility of shareholders for the payment of the second interim Dividend. "In terms of Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Friday, the 24th February, 2023 will be the Record Date for determining eligibility of shareholders for payment of the said Interim Dividend," the company said in an exchange filing. ONGC Share Price ONGC share price declined 1 per cent to quot Rs 147 apiece on NSE around 10 AM on Wednesday. The scrip has yielded a moderate return of around 6 per cent in the past 6 months while it has declined 11 per cent in the past one year. ONGC Q3FY23 Results ONGC reported a standalone profit of Rs 11,045 crore for the quarter ending December 30, 2022, recording a growth of 26 per cent over the Rs 8,764 crore profit recorded during the corresponding period of last year. The Maharatna company`s standalone revenue rose by 36 per cent to Rs 38,583 crore from Rs 28,473 crore r...

Oil and Natural Gas Corporation Stock Forecast and Price Target The average target price for Oil and Natural Gas Corporation's stock set by renowned analysts in recent months is Rp230.00, representing a potential upside of approximately 56.09% from its last closing price if met by 2024. This estimation is based on a high estimate of Rp300.00 and a low estimate of Rp155.00. If you're interested in ONGC stock, it's important to compare it to Oil and Natural Gas Corporation Fair Value Forecast for 2023 - 2025 - 2030 In the last three years, Oil and Natural Gas Corporation's Price has grown, increasing from Rp205.98 to Rp316.09 – a growth of 53.46%. The next year looks promising for Oil and Natural Gas Corporation, with analysts predicting Fair Value of Rp344.18 – an increase of 8.89%. Professionals believe that By 2030, Oil and Natural Gas Corporation's Fair Value will fall to Rp259.26– a 17.98% decrease from its current value. Oil and Natural Gas Corporation Revenue Forecast for 2023 - 2025 - 2030 In the last three years, Oil and Natural Gas Corporation's Revenue has grown, increasing from Rp4.22T to Rp4.91T – a growth of 16.52%. According to 0 major analysts, Oil and Natural Gas Corporation's Revenue will fall by 0.44% in the next year, reaching Rp4.89T. Professionals believe that By 2030, Oil and Natural Gas Corporation's Revenue will fall to Rp4.49T– a 8.57% decrease from its current value. Oil and Natural Gas Corporation Dividend per Share Forecast for 2023 - 2025 - 2030...