ONGC Q3 Results 2024: Date and Time Announced

News: ONGC, a big company owned by the government, just shared its money updates for the third part of 2024. Let’s take a look at the important stuff: when the results came out, how much the shares cost, and what experts think.

When Did the Results Come Out?

ONGC’s leaders talked about the numbers for the third part of 2024 in February. They told everyone officially on February 10, 2024. Let’s see what this means for people who invest money.

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How Did the Share Price Change?

After the news, the price of ONGC’s shares went up and down. When the results came out, the shares started selling at Rs 261.95 on the NSE, which was lower than before when it was Rs 267.55. The lowest it went was Rs 256.85, which is 4% less. But overall, the shares are still doing well, higher than how they’ve been for the past 20, 50, 100, and 200 days.

What Do the Experts Say?

People who study these things have some thoughts:

1. Morgan Stanley: They think ONGC’s shares are good to buy. They say the company did well with making oil in other countries and started making oil in the KG Basin. They think the shares will go up to Rs 300, which is 20% more than they are now.
2. JM Financial: They also think ONGC’s shares are good to buy. They say the third part’s results are what they thought would happen. Even though the shares have been going up lately, they still think it’s a good deal. Their guess for the price is also Rs 300.

Dividend News

ONGC said they will give 80% of the money they make to people who own shares. For each share that costs Rs 5, this means Rs 4 for every share. If you want to get this money, you need to own the shares by February 17, 2024. They’ll give it to you before March 10.

How Much Do You Get?

If you have ONGC shares, you get 3.97% of what they’re worth every year. This number tells you how much of the money you get back for every share you have.

Knowing how ONGC did in the third part of 2024 can help people decide what to do with their money. With good things happening in other countries and with the company making more oil, it might be smart to keep an eye on ONGC’s shares in the future.

FAQs

When will ONGC announce its earnings for the third quarter of 2024?

The ONGC Q3 2024 earnings announcement is scheduled for February 10, 2024.

Why are board meetings important?

Board meetings are essential because they provide a space for important discussions about financial performance, investment plans, how money is spent, managing risks, ensuring the company follows good business practices, and deciding on future strategies.

Where is ONGC Limited’s main office located?

ONGC Limited’s main office is in New Delhi, India.