ONGC Stock Shows Resilience Amid Competitive Industry Challenges and High Dividend Yield

Mar 20 2025 09:20 AM IST
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Oil & Natural Gas Corporation (ONGC) has demonstrated strong performance, gaining for five consecutive days and achieving a total return of 4.43%. The stock is currently trading at Rs 234.6, with a market capitalization of Rs 2,94,252.73 crore and a high dividend yield of 5.92%.
Oil & Natural Gas Corporation (ONGC), a prominent player in the oil exploration and refinery sector, has shown notable activity today, outperforming its sector by 0.25%. The stock has been on a positive trajectory, gaining for the last five consecutive days with a total return of 4.43% during this period. Currently, the stock is trading at Rs 234.6, maintaining this price level throughout the day.

In terms of moving averages, ONGC's stock price is above its 5-day and 20-day moving averages but remains below the 50-day, 100-day, and 200-day moving averages. The company boasts a high dividend yield of 5.92%, which is a significant factor for income-focused investors.

With a market capitalization of Rs 2,94,252.73 crore, ONGC operates within a competitive industry characterized by a P/E ratio of 7.26, notably lower than the industry average of 16.71. Over the past year, the stock has faced challenges, reflecting a decline of 11.35%, contrasting with the Sensex's gain of 5.18%. However, ONGC has shown resilience over longer time frames, with a remarkable 222.84% increase over the past five years.
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