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PETROLEUM MINISTER HARDEEP PURI PRAISES ONGC AS ITS SHARE PRICE SURGES TO RECORD LEVELS
The Business Guardian
|July 17, 2024
ONGC’s share price hits all-time high, reaching Rs 323 with a 5.18% intraday gain, boosting market cap to Rs 4.06 lakh crore.
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Oil and Natural Gas Corporation (ONGC) achieved a significant milestone as its share price surged to Rs 323, marking a 5.18% intraday gain on Tuesday. This surge propelled ONGC’s market capitalization to Rs 4.06 lakh crore, the highest in the company’s history.
The impressive performance of ONGC’s shares underscores its robust financial health and strategic direction. Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, took to social media platform X (formerly known as Twitter) to celebrate this achievement. He tweeted, “Congratulations to #ONGC for this milestone achievement. The surge in the share prices – the highest ever in ONGC’s history – is similar to share price performance across Oil & Gas PSUs. Prime Minister @narendramodiji’s guidance, leadership and timely decisions have transformed our PSUs into confident and professional global energy leaders! @ONGC_ #EnergyNowAndNext”
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