ONGC Falls; Gas Price Hike Seen Discounted
Oil and Natural Gas Corp fell 0.1 per cent on Wednesday after reports said that government could deregulate diesel prices after state polls.
Traders added that stock has already priced in higher gas prices.
ONGC was up 40 per cent in 2014 as of Tuesday versus a 26 per cent gain in Nifty.
ONGC shares were trading up 0.12 per cent, at Rs 408.25 on BSE as of 10.39 a.m.
Copyright: Thomson Reuters 2014
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