ONGC Faces Continued Stock Decline Amid Broader Market Volatility and Challenges

May 22 2025 02:20 PM IST
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Oil & Natural Gas Corporation (ONGC) shares have declined significantly, continuing a downward trend over the past few days. The stock has underperformed compared to the broader market, with notable losses over the past week and month. Despite these challenges, ONGC retains a high dividend yield.
Oil & Natural Gas Corporation (ONGC) has experienced a notable decline today, with shares falling by 3.1% as of May 22, 2025. This performance marks a continuation of a downward trend, as the stock has now lost 3.33% over the past two days. ONGC's intraday low reached Rs 240.75, reflecting a decrease of 3.22% at its lowest point.

In comparison to the broader market, ONGC underperformed the Sensex, which fell by 1.2% today. Over the past week, ONGC's performance has also lagged, with a decline of 3.03% compared to the Sensex's 2.32% drop. Over the last month, ONGC has seen a decrease of 3.07%, while the Sensex has gained 1.28%.

Despite these recent challenges, ONGC maintains a high dividend yield of 5.54%. The stock is currently trading above its 50-day moving average but below its 5-day, 20-day, 100-day, and 200-day moving averages. This performance highlights the ongoing volatility in the oil sector and the challenges faced by ONGC in the current market environment.
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