ONGC stock up over 4% ahead of board meet for interim dividend

Tags: Companies
Shares of ONGC rose by over 4 per cent ahead of the company's board meeting today to consider second interim dividend for financial year ending March 2014.

The energy major's scrip settled at Rs 321.20, up 4.27 per cent from its previous close on the BSE. During the day, the stock rallied 4.51 per cent to Rs 321.95.

At the NSE, the scrip gained 4.37 per cent to close at Rs 321.35.

On the volume front, 3.25 lakh shares of the company changed hands on the BSE, while over 67 lakh shares were traded at the NSE during the day.

"A meeting of the Board of Directors of the company will be held on March 24, 2014, inter alia, to consider payment of second interim dividend for the financial year 2013-14," Oil & Natural Gas Corporation said in a BSE filing on March 4.

The company had said the record date for determining entitlement of shareholders for payment of second interim dividend for the financial year 2013-14 has been fixed on March 29, 2014.

Payment of interim dividend, if declared, shall start from March 31, 2014 onwards to the shareholders, it had noted.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The big challenge before India now is to figure out the real China

    Sino-Indian relations come under a rather special category, as far as ties between two neighbouring countries go.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

Risks and effects of climate change

Research has shown that several people are aware of climate ...

Parvez Imam

Why we all have blood on our hands

What does the Jammu and Kashmir flood make us think? ...

Dharmendra Khandal

The peculiar possibilities of animal poop

You can tell a lot about an animal by its ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture