OIL AND NATURAL GAS CORPORATION (ONGC) TRADED UP BY 3% AT Rs.118.85

ONGC surged over 3% after Brent crude prices hit their highest level since January, 2020. Improved outlook and expectation of higher crude oil prices going forward, Oil and Natural Gas Corporation (ONGC) surged over 4% and hit its 52 week’s highs.

Brent and WTI prices are up after OPEC and its allies decided to keep production cuts largely unchanged in April.

State-run energy company, ONGC is aiming to narrow down the gender diversity gap by opening recruitment for women in key roles.

The company is on a hiring spree, adding about 100 women to hard-core technical streams for every batch of appointments.

The stock was trading at Rs.118.85,up by 3.90 points or 3.39%.It touched intraday high of Rs.122.35 and low of Rs.117.90.