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Stocks to Watch: Vodafone Idea, Bharti Airtel, Lupin, Godfrey Phillips, ONGC
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NEW DELHI :
Here’s a list of top 10 stocks that could be in news on Monday:
Vodafone Idea: Debt-ridden Vodafone Idea Ltd (Vi) reported a net loss of ₹4,532 crore for the December quarter, lower than the ₹6,439 crore a year ago, driven by higher 4G wireless customer additions, improved service quality and cost optimization. India’s third-largest telecom operator by market share had posted a net loss of ₹7,218 crore in the September quarter.
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ONGC net profit falls 67 per cent YoY on drop in oil, gas prices
PTI
New Delhi |
Updated on
February 13, 2021
× State-owned Oil and Natural Gas Corporation (ONGC) on Saturday reported over 67 per cent fall in the December quarter net profit on back of a drop in oil and gas prices. Standalone net profit in October-December quarter at Rs 1,378 crore was 67.4 per cent lower than Rs 4,226 crore net profit in the same quarter of the previous year, the company said in a statement here. The company realised USD 43.9 on every barrel of crude oil it produced and sold in the third quarter of the current fiscal, down from USD 58.24 a barrel it had realised in the same period a year back.
State-owned Oil and Natural Gas Corporation (ONGC) on Monday said it will implement India s maiden geothermal field development project in Ladakh that will use the heat generated by the Earth s core to generate clean energy. A memorandum of understanding (MoU) to formalise this has been inked by ONGC Energy Centre (OEC) with the Union Territory of Ladakh and Ladakh Autonomous Hill Development Council, Leh on February 6, the company said in a statement. This project of ONGC will put India on geothermal power map of the world. Geothermal energy is clean and is available 24 hours a day, 365 days a year. Geothermal power plants have average availabilities of 90 per cent or higher, compared with about 75 per cent for coal plants.