ONGC Faces Decline Amid Broader Market Gains and Bearish Trends

Mar 10 2025 01:50 PM IST
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Oil & Natural Gas Corporation (ONGC) has seen a decline today, reversing four days of gains. Currently trading at Rs 225.2, the stock is underperforming its sector and is below key moving averages. Despite this, it offers a high dividend yield, attracting potential income-focused investors.
Oil & Natural Gas Corporation (ONGC) has experienced a notable decline of 3.05% today, marking a reversal after four consecutive days of gains. The stock is currently trading at Rs 225.2, which is approximately 4.65% away from its 52-week low of Rs 215.2. ONGC's performance today underperformed the sector by 1.95%, reflecting broader market trends.

In terms of moving averages, ONGC is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. The stock's high dividend yield stands at 5.92%, which may attract income-focused investors despite the current price decline.

Comparatively, the Sensex opened higher at 74,474.98, gaining 142.40 points, and is currently trading at 74,362.10, reflecting a modest increase of 0.04%. Over the past week, ONGC has shown a slight decline of 0.07%, while the Sensex has risen by 1.75%. Year-to-date, ONGC's performance is down by 5.92%, contrasting with the Sensex's decline of 4.83%. Overall, ONGC's performance metrics indicate a challenging environment amid broader market movements.
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