ONGC share bulled around 5.1 per cent

ONGC share bulled around 5.1 per cent ONGC share bulled around 5.1 per cent on Thursday, following the state run company obtained the government’s authorization for a share split as well as bonus issue.

Minister for Oil Murli Deora said to Reuters the cabinet had accepted issue of 1 free stock to Oil and Natural Gas Corp share holders for every share kept, however didn’t point out what the ratio was for share split.

ONGC had planned to the govt to split every share in to 2 in front of a planned share selling in the firm, Chairman R.S. Sharma mentioned last month.

shares in Oil and Natural Gas Corp , India’s 2nd-most valued company at greater than $62 billion, were trading 2.8 per cent upward at 1,324 rupees, having increased up to 1,353.85 earlier.

The stocks are up around 12 per cent this year, in comparison with a 14 % increase in the main index.

Be Sociable, Share!
Tags: ,

Stock Market Basics For Beginners

Primary Markets?

Primary Markets? The market in which investors have the initial opportunity to buy a newly issued security ( IPO ). Companies and other groups obtain financing through ...…

Preference Shares

Preference Shares Dividend that is first paid to preference shareholders before any dividends are paid to common stock holders, This shares represent partial ownership in a company ...…

Accelerated Vesting

Accelerated Vesting A kind of vesting which occurs at a quicker rate than the initial vesting schedule in the firm's share option plan. This enables the option ...…

Definition for Share

Definition for Share The Certificates representing one unit of ownership in a mutual fund, corporation and limited partnership, the share has a certain declared face value, ...…

Intraday Trading

Intraday Trading This site provide intra tips  Subscribe For Indra day F&O – Shart term investment  Tips   Every trader is tempted about how Intraday trading can be carried ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV