Stock market update: ONGC shares gain for third consecutive session

Oil & Natural Gas Corpn Ltd gained for a third straight session today. The stock is quoting at Rs 107.6, up 2.38% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.63% on the day, quoting at 14673.3. The Sensex is at 48972.16, up 0.35%. Oil & Natural Gas Corpn Ltd has slipped around 1.6% in last one month.

Meanwhile, Nifty Energy index of which Oil & Natural Gas Corpn Ltd is a constituent, has slipped around 3.85% in last one month and is currently quoting at 17781.65, up 1.08% on the day. The volume in the stock stood at 125.11 lakh shares today, compared to the daily average of 254.63 lakh shares in last one month.

The benchmark April futures contract for the stock is quoting at Rs 107.75, up 2.28% on the day. Oil & Natural Gas Corpn Ltd is up 41.02% in last one year as compared to a 58.34% spurt in NIFTY and a 46.35% spurt in the Nifty Energy index.

The PE of the stock is 20.43 based on TTM earnings ending December 20.

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