The state-owned entity Oil and Natural Gas Corp (ONGC) shares declined nearly 4 per cent on Wednesday after the company reported its first-ever quarterly loss.
On the BSE, the stock dipped 3.93 per cent to Rs 78.20.
At 12:22 p.m. ONGC were trading at 79.75 down by 1.97 per cent.
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It declined by 3.74 per cent to Rs 78.30 on the NSE.
India’s top oil and gas producer ONGC on Tuesday reported a Rs 3,098 crore loss in the January-March quarter as compared to a profit of Rs 4,240 crore in the same period a year back.
Revenue in the fourth quarter fell to Rs 21,456 crore from Rs 26,759 crore a year ago.
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