MUMBAI Feb 12 Shares in India's state-run Oil
and Natural Gas Corp gained 1.5 percent in pre-open
trade on Tuesday, a day after its October-December net profit
beat market expectations, helped by higher selling prices for
oil and gas and slightly lower subsidy payouts to refineries.
ONGC posted net profit of 55.63 billion rupees ($1.04
billion) for December quarter and its sales rose 16 percent to
209.87 billion rupees. Analysts expected net profit of 53.7
billion rupees, according to Thomson Reuters StarMine data.
(Reporting by Manoj Dharra; Editing by Jijo Jacob)