Q2 Results: ONGC’s Profit Rises Aided By Higher Crude Prices And Weaker Rupee

Oil and Natural Gas Corporation Ltd. reported a higher-than-expected rise in profit during the July-September quarter as higher global crude prices and a weaker Indian rupee benefited the state-run explorer.

The stock closed almost 2 percent higher on Friday. It rose 11.87 percent during the July-September period, tracking the S&P BSE Oil and Gas index that rose 16.65 percent.