Ongc

Hi Gurus,
Few question on this stock:
1) Why the price ame down to current level (760-790) from 1100-1200 few months back? Was there any bonus, split or it gone done for some other reason? any if other reason what is that reason?
2)what is the out look going forward (from current price)? how much it can fall?

Thanks in advance...
cheers
jignesh

bonus 1:2...1200 now 800....
below800...due to market reaction...
cmd removal

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DEAR oilman
another bONUS ARE U SURE? IT IS NOT A da HIKE?PL CONFIRM SOON.

thanks oilman for info. I missed that news and thought this is too much down for company like ongc, but PE was still same. So was confused.
Yes can you please clarify jatayoo's doubt? it put me on my poriginal question again.

no its one i am talking...declared in december..
presently no