ONGC Shares Hit 52-Week Low Amid Sustained Bearish Trend and Sector Underperformance

Mar 03 2025 10:20 AM IST
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Oil & Natural Gas Corporation (ONGC) shares have fallen significantly, reaching a new 52-week low and marking six consecutive days of decline. The stock has underperformed its sector and is trading below key moving averages, reflecting ongoing volatility in the oil exploration and refinery sector. Despite this, it offers a high dividend yield.
Oil & Natural Gas Corporation (ONGC) has experienced a notable decline today, with shares dropping by 3.06%, marking a new 52-week low of Rs. 218.4. This downturn continues a troubling trend for the stock, which has now fallen for six consecutive days, resulting in a total decline of 9.68% over this period.

In terms of market performance, ONGC has underperformed its sector, which has seen a decrease of 2.71%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained bearish trend.

Comparatively, ONGC's performance over the past month shows a significant drop of 12.22%, while the broader Sensex index has only declined by 5.60%. Despite these challenges, ONGC maintains a high dividend yield of 6.11% at its current price, which may appeal to income-focused investors. Overall, the stock's recent performance reflects ongoing volatility in the oil exploration and refinery sector.
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