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LIC adds 40 million ONGC shares in 50 days; stock price slips 10%!

Posted on: December 18th 2010 in Market News.

To buy more than 40 million shares since 30th September 2010, LIC would have had to pick up more than 8,00,000 shares a day; but the delivery numbers just don’t add up The September shareholding pattern of Oil & Natural Gas Corporation (ONGC) shows that Life Insurance Corporat…

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Buy ONGC on dips for target of Rs 1040-1060: Finquest

Posted on: July 14th 2009 in Brokerage Recommendations.

MUMBAI: Finquest Securities has advised traders to buy ONGC on dips for target of Rs 1040-1060. “ONGC is testing its rising testing drawn across prior bottoms of Rs 637 (5 Mar) and Rs 802 (15 May). As long as the rising trend line holds true, ONGC can edge higher towards Rs 1040/1060…

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Country’s top-10 cos add Rs 32,000 cr in a week; ONGC gains most

Posted on: July 5th 2009 in Stock News.

MUMBAI: The country’s top-10 firms added Rs 32,000 crore to their market capitalisation last week, with public sector oil firm Oil and Natural Gas Corp (ONGC) contributing the major chunk. ONGC added Rs 20,052 crore to its market-cap, taking the total valuation to Rs 2,42,687 cror…

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Instanex FII index up 0.54% at 3 pm

Posted on: June 29th 2009 in Market News.

Of the 15 components of the Instanex FII Index ten were up and five were down. At 3 pm, the Instanex FII Index was up 0.54% at 318.56 (+0.67% at 2 pm) and the Instanex DII 15 portfolio was up 1.03% (+1.07% at 2 pm). Nifty was up 0.89% (+1.16% at 2 pm) and Sensex was up 0.74% (+0.94% at 2 …

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Stocks in news: Pfizer, Suzlon, Grasim, ONGC, Punj Lloyd

Posted on: June 25th 2009 in Press Releases.

Results today: Tata Steel, Unitech, Indiabulls Securities, Matrix Labs, AIA Engineering, Classic Diamonds, Gulf Oil, HBL Power, Mirc Electronics, Punjab Chemicals, RPG Life Sciences, Omax Autos Alert: Rainfall this year to be 93% of long period average Suzlon – Sources: -Suzlon l…

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ONGC Q4 net dips 16% to Rs 2,206 cr

Posted on: June 24th 2009 in Stock News.

State-run Oil and Natural Gas Corporation (ONGC) today reported a fall of 16 per cent in its net profit at Rs 2,206.76 crore for the fourth quarter ended March 31, 2009, over the same period last year.The public sector oil and gas explorer had a net profit of Rs 2,627.10 crore during the …

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Intraday calls for 24-06-09

Buy ONGC at 1030, target; 1055. Stoploss: 1020 Buy IFCI at 53.40, target: 55.40. Stoploss: 52.60 …

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Top 10 firms lose Rs 5,100 cr last week

Posted on: June 15th 2009 in Press Releases.

The country’s top 10 firms saw their total market capitalisation falling by Rs 5,168 crore last week, with Oil and Natural Gas Corporation (ONGC) losing the most among the pack.The total market valuation of the elite club, comprising four private sector and six state-run companies, …

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Divestment can raise $95 bn, wipe deficit clean: Study

Posted on: June 8th 2009 in Press Releases.

NEW DELHI: Divestment of even minority stake in state-owned firms can raise nearly $95 billion (Rs 450,309 crore), help clean the red ink on the Rupee Globe’s biggest M&A dealmakers Factors for successful M&As Formula for successful biz government’s balance shee…

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Top-10 firms add Rs 29,000 crore in a week

Posted on: June 7th 2009 in Stock News.

MUMBAI: The country’s top 10 firms added Rs 29,000 crore to their market capitalisation last week, with public sector trading firm MMTC contributing the major chunk. During the week ending June 5, state-owned MMTC was the biggest gainer and added Rs 33,201 crore to its market capit…

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