Meanwhile, BSE Sensex was up 87.73 points or 0.43% to 20,280.25.

On BSE 2.12 lakh shares were traded in the counter. The stock had an average daily volume of 4.14 lakh shares in the past one quarter.

The stock hit a high of Rs 1260 and a low of Rs 1238.25 so far during the day. The stock hit a 52-week high of Rs 1386.90 on 2 November 2007 and a 52-week low of Rs 750 on 28 February 2007.

The large-cap scrip had underperformed the market over the past one month till 26 December 2007, gaining 5.43% as compared to the Sensexs return of 5.57%. It had outperformed the market in the past one quarter, rising 27.23% as compared to the Sensexs rise of 17.74%.

The companys current equity is Rs 2138.87. Face value per share is Rs 10.

The current price of Rs 1254 discounts Q2 September 2007 annualized EPS of Rs 95.33 PE multiple of 13.15.

Oil & Natural Gas Corporation (ONGC) is expected to finalize agreements in Turkmenistan, Iran, Latin America and West Africa, reports suggest.

ONGCs net profit rose 22.1% to Rs 5097.48 crore on 9.6% rise in net sales to Rs 15413.92 crore in Q2 September 2007 over Q2 September 2006.

ONGCs principal activities include exploration, production, refining, transportation and marketing crude oil, natural gas, liquefied petroleum gas, natural gas liquid, ethane/propane and other products. The group operates through different business segments like exploration, production and refining.

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