ONGC Faces Decline Amidst Sector Underperformance and Attractive Dividend Yield

Apr 28 2025 09:20 AM IST
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Oil & Natural Gas Corporation (ONGC) has seen a decline in stock performance, underperforming its sector and experiencing a three-day downward trend. The company has a market capitalization of Rs 3,10,292.59 crore and a P/E ratio of 7.69, with a high dividend yield of 5.59%.
Oil & Natural Gas Corporation (ONGC), a prominent player in the oil exploration and refinery sector, has experienced notable activity today, underperforming its sector by 2.11%. The stock has been on a downward trend for the past three days, accumulating a decline of 2.95% during this period. It opened at Rs 244.7 and has maintained this price throughout the trading session.

In terms of moving averages, ONGC's stock is currently above its 20-day and 50-day averages but falls short of its 5-day, 100-day, and 200-day moving averages. The company boasts a high dividend yield of 5.59%, which may appeal to income-focused investors.

With a market capitalization of Rs 3,10,292.59 crore, ONGC's price-to-earnings (P/E) ratio stands at 7.69, significantly lower than the industry average of 17.47. Over the past year, the stock has declined by 12.80%, contrasting sharply with the Sensex's performance of 7.95%. In the year-to-date, ONGC has shown a modest gain of 3.18%, outperforming the Sensex's 1.86% during the same timeframe.
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