Monday, 25 April 2016

Equity Market Business News & Tips

State owned ONGC Limited is planning to explore as many as 17 shale gas and oil wells in both east and west coasts with an investment of around Rs 700 crore.

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According to the minutes of a recent meeting of the Expert Appraisal Committee (EAC) of Ministry of Environment and Forests, the PSU sought the ministry's nod to prepare Terms of Reference for exploring the wells.

ONGC Stock Price: On April 25, 2016, at 09:53 hrs Oil and Natural Gas Corporation was quoting at Rs 214.50, down Rs 1.65, or 0.76 percent. The 52-week high of the share was Rs 343.00 and the 52-week low was Rs 188.00.

The company's trailing 12-month (TTM) EPS was at Rs 18.14 per share as per the quarter ended December 2015. The stock's price-to-earnings (P/E) ratio was 11.82. The latest book value of the company is Rs 169.02 per share. At current value, the price-to-book value of the company is 1.27.

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