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

Company Fixed Deposits

Company Fixed Deposits Company Fixed Deposits are shortterm (6 months) to mediumterm (3 to 5 yrs) borrowing by firms at a fixed interest rate that is payable monthly, ...…

What are Premium Issues?

What are Premium Issues? Most Companies shares have a face value of Rs.10 though not always offer to the public at this price. Companies can offer a stock (share) ...…

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 ...…

Advance Decline Index

Advance Decline Index A helpful instrument for discovering trend (bullish or bearish) in the share market  in which one divides the number of traded stocks that have increased ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV