ONGC's Valuation and Dividend Yield Attract Attention Amid Market Fluctuations

Oil & Natural Gas Corporation (ONGC) has shown notable activity today, aligning its performance with the broader oil sector. The stock is currently trading with a market capitalization of Rs 3,06,266.90 crore, categorizing it as a large-cap entity. ONGC's price-to-earnings (P/E) ratio stands at 8.43, significantly lower than the industry average of 19.03, indicating a potentially attractive valuation relative to its peers.
Today, ONGC's performance reflects a slight increase of 0.04%, contrasting with the Sensex, which dipped by 0.17%. Over the past week, the stock has gained 0.12%, while its one-month performance shows a minor decline of 0.31%. In the longer term, ONGC has demonstrated resilience with a three-month gain of 8.06%, outperforming the Sensex's 11.33% increase during the same period.

The company also boasts a high dividend yield of 5.66%, appealing to income-focused investors. Despite a one-year decline of 8.63%, ONGC has shown robust growth over three and five years, with increases of 69.18% and 192.61%, respectively, compared to the Sensex's performance.