ONGC Hits 52-Week Low Amid Ongoing Market Challenges and High Volatility

Feb 17 2025 09:39 AM IST
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Oil & Natural Gas Corporation (ONGC) has reached a new 52-week low, continuing a downward trend with a significant cumulative drop over the past eight days. The stock has shown high volatility and consistently underperformed against key moving averages, while its one-year performance contrasts with broader market gains.
Oil & Natural Gas Corporation (ONGC) has experienced significant activity today, reaching a new 52-week low of Rs. 225.35. This decline marks a continuation of a downward trend, with the stock underperforming its sector by 1.69%. Over the past eight days, ONGC has seen a cumulative drop of 13.59%, reflecting ongoing challenges in the market.

Today's trading session has been characterized by high volatility, with an intraday volatility rate of 223.38%. The stock's performance has been consistently below key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend.

In terms of dividend yield, ONGC offers a high yield of 7.75% at its current price, which may appeal to income-focused investors. However, the company's one-year performance shows a decline of 16.21%, contrasting sharply with the Sensex's positive return of 4.23% during the same period. This performance highlights the challenges faced by ONGC in the current market environment.
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