If you’re looking to invest in ONGC shares, this beginner’s guide is for you. We’ll cover everything you need to know, from what ONGC is to how to buy and sell its shares. By the end of this guide, you’ll be ready to start investing in ONGC and other stocks with confidence.
What is the meaning of ONGC share
ONGC is an India-based oil and gas company. The company’s main business is exploration, development, production and marketing of crude oil, natural gas and other petroleum products. ONGC also has a significant presence in the power generation and refining businesses.
The company’s shares are listed on the Bombay Stock Exchange and the National Stock Exchange of India.
ONGC’s share price is a reflection of the company’s performance. The company’s share price is influenced by various factors, such as crude oil prices, production levels, exploration activities, refinery capacity utilization and government policies.
Where can I find ONGC share prices
If you’re looking for ONGC share prices, you can find them on the Bombay Stock Exchange website. Just head to the website and use the search function to locate the stock. You can also find information on share prices on other financial websites like Yahoo Finance or Google Finance.
How do I buy ONGC shares
ONGC is an Indian multinational oil and gas company headquartered in Dehradun, Uttarakhand, India. It is a Public Sector Undertaking (PSU) of the Government of India, under the administrative control of the Ministry of Petroleum and Natural Gas.
ONGC was founded on 14 August 1956 by the Government of India. It is engaged in the business of exploration, development and production of oil and gas in India and abroad. As of 31 March 2020, ONGC had reserves of 3.145 billion barrels (495.6 million tonnes) of oil and 1.01 trillion cubic feet (28.61 billion cubic metres) of natural gas.
To buy ONGC shares, you can approach any stockbroker or SEBI registered intermediary who is a member of the National Stock Exchange (NSE) or the Bombay Stock Exchange (BSE). You will need to open a demat account and a trading account with the broker to start trading in ONGC shares.
What is the history of ONGC shares
The history of ONGC shares can be traced back to its listing on the Bombay Stock Exchange (BSE) in 1995. The company was originally founded as a public sector oil and gas exploration and production company in 1956. Although it is currently majority-owned by the Indian government, it was privatized in 2002 with a public offering of shares. Today, ONGC is one of the largest publicly traded companies in India with a market capitalization of over $50 billion.
How has the price of ONGC shares changed over time
ONGC is an Indian multinational oil and gas company. It is a Public Sector Undertaking (PSU) of the Government of India, under the administrative control of the Ministry of Petroleum and Natural Gas. It is the largest oil and gas exploration and production company in India.
The company’s shares are listed on the Bombay Stock Exchange and the National Stock Exchange of India. As of March 2019, the company has a market capitalisation of ₹2.09 trillion (US$29 billion).
The share price of ONGC has seen a lot of ups and downs over the years. In early 2000s, the share price was around Rs 100-120 per share. However, it started to decline from 2006 onwards and reached a low of Rs 60-70 per share in 2009. The company’s share price started to recover in 2010 and reached Rs 200 per share in 2013. Since then, it has been on a steady rise and crossed Rs 300 per share in 2015. As of March 2019, the share price stands at Rs 174.35.
What factors affect the price of ONGC shares
ONGC shares are likely to be affected by a variety of factors, including global oil prices, the company’s financial performance, and political factors.
Global oil prices are a major factor affecting the price of ONGC shares. When oil prices rise, ONGC’s share price usually rises as well, since the company is a major producer of oil and gas. However, if global oil prices fall, ONGC’s share price may also fall.
The company’s financial performance is another important factor affecting the price of its shares. If ONGC posts strong financial results, its share price is likely to rise. However, if the company’s financial results are weak, its share price may fall.
Political factors can also affect the price of ONGC shares. For example, if there is political instability in India, foreign investors may sell their ONGC shares, driving down the price.
Will the price of ONGC shares go up in the future
ONGC is one of the largest oil and gas companies in India. The company has a strong presence in the upstream, downstream and midstream segments of the oil and gas industry. The company is also engaged in exploration, production, marketing and distribution of natural gas, crude oil and petroleum products.
The company’s shares have been under pressure in recent times due to falling crude oil prices and concerns about its debt levels. However, I believe that the company’s shares will rebound in the future as crude oil prices start to rise again and the company’s debt levels start to improve.
Investors should keep an eye on ONGC’s share price in the coming months and consider buying the stock if it starts to trend upwards.
How do I sell ONGC shares
The process of selling ONGC shares is quite simple and can be done through various online platforms. For those looking to sell their shares, the first step would be to find a broker who deals in ONGC shares. Once you have found a broker, you will need to provide them with your share certificate and your PAN number. The broker will then place an advertisement on the stock exchange and once the shares are sold, the money will be transferred to your account.
What risks are associated with investing in ONGC shares
There are a few risks associated with investing in ONGC shares. The first is that the company is heavily dependent on oil and gas prices, which can be volatile. If prices fall, ONGC’s profits and share price will likely follow suit. Another risk is that the company is based in India, which means it is subject to political and economic risk. Finally, ONGC is a large and complex company, which can make it difficult to understand its financials and business operations.
What other companies are similar to ONGC
ONGC is an oil and gas company based in India. Some of the other companies that are similar to ONGC include Reliance Industries, PetroChina, and ExxonMobil. These companies are all involved in the exploration, production, and distribution of oil and gas.