ONGC Stock Shows Mixed Performance Amid Positive Short-Term Trend

Oil & Natural Gas Corporation (ONGC) has shown notable activity in the market today, underperforming its sector by 0.5%. Despite this, the stock has demonstrated a positive trend over the last three days, with a cumulative return of 2.82%. ONGC is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong short to long-term performance relative to these benchmarks.
The company operates within the oil industry and holds a market capitalization of Rs 3,20,608.00 crore, categorizing it as a large-cap stock. With a price-to-earnings (P/E) ratio of 8.87, ONGC is trading below the industry average P/E of 16.66, suggesting a potentially attractive valuation relative to its peers.

In terms of dividend yield, ONGC offers a high yield of 4.9% at the current price, which may appeal to income-focused investors. Over the past year, the stock has experienced a decline of 3.78%, contrasting with the Sensex's performance of 6.31%. However, ONGC has shown resilience in shorter time frames, with a 6.49% increase over the past month, outperforming the Sensex's 4.95% gain.