ONGC shares up over 4 pc after Q1 results | mumbai | Hindustan Times
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ONGC shares up over 4 pc after Q1 results

mumbai Updated: Aug 13, 2012 12:10 IST

PTI
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Shares of Oil and Natural Gas Corp Ltd on Monday rose by over 4% in early trade on the back of impressive earnings in the April-June quarter.



After making a bullish opening, shares of the energy major further surged 4% to Rs 290.75 on the BSE.



Similarly, at the National Stock Exchange, the stock jumped 4.19% to Rs 290.65.



State-owned ONGC on Saturday reported a 48% jump in June quarter net profit to Rs 6,077.70 crore.



ONGC had posted a net profit of Rs 4,094.90 crore in the April-June period of last financial year.



The company had also said it is likely to sign a MoU with the Japan's Mitsui for a LNG project by this month.