BUZZ-India's ONGC hits 11-year low as Dec-quarter profit halves - Reuters News
17-Feb-2020 12:26:54 PM
** Shares of India's top oil explorer ONGC ONGC.NS fall as much as 3.9% to 99.30 rupees, their lowest since Jan 16, 2009
** Co reported a near 50% drop in Dec-qtr profit on Friday, hurt by lower oil and gas production and weaker prices (Full Story)
** With oil and gas production falling, operational performance is expected to remain subdued for the next 12-15 months, Centrum Broking said in a note
** About 11 mln shares change hands, versus 30-day avg of 17.1 mln shares
** Co stock down 19.8% this year, as of last close