Business News

ONGC Q1 results: Oil giant’s profit doubles to Rs 17,034 crore amid rising crude prices

FinSiddhi

ONGC’s profit more than doubled in the April-June quarter. Higher crude oil prices and improved realisations significantly boosted earnings. Total income rose substantially compared to the previous year. Oil and gas production remained broadly stable with marginal declines. Strategic projects are expected to improve future production levels.
Read more at the source

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.

Related Posts

FII stake in India’s 10 biggest stocks hits 20-year low. Time to go against the crowd?

Foreign investors are holding their lowest stake in India’s top 10 companies in two decades, coinciding with valuations dipping below long-term averages. This presents a potential contrarian opportunity for long-term investors, as these high-quality stocks now appear undervalued. Experts suggest this under-ownership could reverse, leading to outperformance by large-caps, especially as geopolitical risks subside and…