Oil & Natural Gas Corporation (ONGC), the national oil company of India, witnessed a drop in share prices on Monday after ONGC Videsh and Pemex-Exploracion Y Produccion (PEP), the upstream subsidiary of Pemex, the National Oil Company of Mexico, have entered into a Memorandum of Understanding and Cooperation (MOU). The MoU signed to cooperate in the hydrocarbon sector in Mexico.

Shares of the company are trading at Rs 409.90, down Rs 2.3, or 0.56% at the Bombay Stock Exchange (BSE) on Monday at 10:38 a.m.

The scrip has touched an intra-day high of Rs 413 and low of Rs 406.70. The total volume of shares traded at the BSE is 80,132.