Stock 360: Here's why ONGC is up 25% in November
On CNBC-TV18’s Stock 360 segment, Anuj Singhal takes a stock check and reports that one of the primary reasons for the recent up move has been the big surge in crude prices.
ONGC has moved up 12 percent for the week and 25 percent in the month of November. However year to date it is still down 37 percent.
On CNBC-TV18’s Stock 360 segment, Anuj Singhal takes a stock check and reports that one of the primary reasons for the recent up move has been the big surge in crude prices.
Crude oil prices on Wednesday rose for a fourth straight day shrugging off an industry report showing a higher-than-unexpected rise in U.S. crude stockpiles and extending a rally driven by hopes that a COVID-19 vaccine will boost fuel demand.
Watch the video for more.
(Edited by : Abhishek Jha)
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