The board will so declare second interim dividend, if any, for the financial year 2016-17, it added.
“We estimate ONGC's Q3FY17 net profit at Rs 5,336 crore (up 35% YoY, 7% QoQ). ONGC will benefit from a 9% QoQ increase in oil which will be offset by 18% cut in domestic gas price. We estimate oil production to remain flat while gas production/sales to improve 3%/8% QoQ,” Edelweiss Securities said in Q3 results preview.
The stock hit a 52-week high of Rs 210 on December 13, 2016 in intra-day trade. A combined 9.67 million shares changed hands on the counter on the NSE and BSE till 02:53 pm.