Latest News
-
HCL Tech Q4 Results, Dividend: EBIT Margins May Drop; Deal Wins, FY25 Guidance To Be Watched -
1:10 Split Coming Up: Crorepati FMCG ITC Turns Rs 1,50,000 To Rs 1.2 Crore; Makes Big Announcement; BUY? -
Biggest Ever Stock Splits, 49 New Shares On Existing 1 Share; FMCG Makes Big Announcement Before Splitting -
Gold Prices India; Biggest Jump In 24-Carat In 55 Days; Know Tax Rates On Profits On Phsyical Gold -
Mandatory Testing for Indian Spices Destined for Singapore, Hong Kong After Ban -
TRAI Advocates for Enhanced Telecom Infrastructure Sharing Among Licensees -
LTIMindtree Reports Slight Q4 Profit Dip, Optimistic About Upcoming Growth -
Axis Bank Announces Q4 Net Profit at Rs 7,599 Crore Amid Deposit Accretion Worries -
hBits Expands to Pune with CyberCity Magarpatta Acquisition, Eyes Investment Opportunities -
India's First Green Hydrogen Pilot Project Goes Live at Nathpa Jhakri
Maharatna Dividend Stock To Buy: Record Date Fixed, Shares Down 29% From 52-Week High
Oil and Natural Gas Corporation Ltd (ONGC) is all set to pay interim dividend and the board of directors of the Maharatna company has fixed record date for the interim dividend on Wednesday. In order to become eligible to receive the interim dividend, you need to buy the stock. Currently, the stock has fallen 28.8% from its 52-week high level. The large cap company operates in Gas & Petroleum sector.
Check key takeaways below pertaining to stock outlook and interim dividend, among others:
1. ONGC Fixed Record Date For Interim Dividend
The board of directors of Oil and Natural Gas Corporation Ltd stated in the regulatory filing, "This is in continuation of our communication dated 25.10.2022 & 28.10.2022 w.r.t. Intimation and rescheduling of Board meeting scheduled to be held on Monday, the 14.11.2022 . It was also stated that the Board may also consider declaration of Interim Dividend, if any, for the FY 2022-23. In terms of Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Tuesday, the 22.11.2022 will be the Record Date for determining eligibility of shareholders for payment of the said Interim Dividend, if any, declared by the Board of Directors."
The board of directors has fixed the record date as November 22, 2022.
2. ONGC Stock Outlook
The current market price of ONGC is Rs 138 apiece with 52-week high at Rs 194 apiece and 52-week low at Rs 119 apiece, respectively.
3. ONGC Market Capitalisation
The largest crude oil and natural gas company in India has a market capitalisation of Rs 1,73,859.46 crore.
4. ONGC Return
The stock has declined 27% in the last 5-years, 11% in last 1-year, and gained 3% in last 3-months.
5. ONGC About
Oil & Natural Gas Corporation (ONGC) is primarily engaged in exploration, development and production of crude oil and natural gas. ONGC's crude oil production has been in the range of 54-63% of total domestic oil production in FY11-21.
ONGC also has a play on refining sector via its subsidiaries. Maharatna ONGC has a unique distinction of being a company with in-house service capabilities in all areas of Exploration and Production of oil & gas and related oil-field services.
Disclaimer
The above stock gives details related to interim dividend. Greynium Information Technologies and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.
