Wednesday 24 April 2024

OGDC: Scrip Note

Oil & Gas Development Corp Ltd (PSX:OGDC) is currently trading at a market price of Rs. 134.86, within its 52-week range of Rs. 73.1 to Rs. 158.59. It has shown a six-month return of 33.2% and a one-year return of 53.9%. The company's price-to-earning ratio stands at 2.3, while its price-to-book ratio is 0.5. With 15% free float and 4,301 million issued shares, OGDC commands a market capitalization of Rs. 580 billion.

Comparatively, the KSE100 Index has achieved a year-to-date return of 11.68% and a one-year return of 75.70%.

OGDC, holds significant weightings within several key Pakistani Stock Exchange (PSX) indices. Notably, it comprises 3.78% of the KSE100 Index, 5.41% of the KSE30 Index, and 7.61% of the KMI30 Index, highlighting its considerable influence within the Pakistani stock market.

OGDC holds 20% stake in Mari Petroleum Company Limited, that trades on Pakistan Stock Exchange under the ticker 'MARI'. OGDC has also invested in Reko Diq Mining Company (Private) Limited (RDML) through Pakistan Minerals (Private) Limited.

OGDC Weekly Chart: