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How this oil & gas stock found its roar back after years of silence

How this oil & gas stock found its roar back after years of silence
How this oil & gas stock found its roar back after years of silence
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Synopsis

Investors who were patient with this state-run major are now reaping rich dividends. Here’s how.

After almost a decade, ONGC, the country’s largest oil and gas explorer, is returning its patient investors big bucks. The stock, from the March 2020 lows of INR50 per piece, is now up nearly five times and is trading at around INR300. Its previous lifetime high was INR312 in 2014. In the last couple of trading sessions, the stock gained more than 10% despite the benchmark index, Nifty 50, correcting more than 3% due to concerns of a surge in
( Originally published on Apr 19, 2024 )
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The Economic Times