ONGC Stock Shows Positive Performance, Rated 'Hold' by MarketsMOJO

Aug 07 2024 09:35 AM IST
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On August 7, 2024, ONGC's stock gained 4.03% and was rated as a 'Hold' by MarketsMojo. It outperformed the sector by 2.45% and showed a trend reversal after three days of falling. ONGC's stock is currently higher than the 50-day, 100-day, and 200-day moving averages, but lower than the 5-day and 20-day moving averages. It also has a high dividend yield of 3.4%. Compared to the Sensex, ONGC has performed significantly better in the past day and month.


Oil & Natural Gas Corporation . (ONGC) has shown a positive performance in the stock market on August 7, 2024, gaining 4.03%. This has been reflected in the stock call given by MarketsMOJO, which has rated ONGC as a 'Hold'.

The stock has outperformed the sector by 2.45% and has shown a trend reversal after three consecutive days of falling. On the day of August 7, ONGC reached an intraday high of Rs 320.2, showing a 4.16% increase.

In terms of moving averages, ONGC's stock is currently higher than the 50-day, 100-day, and 200-day moving averages. However, it is lower than the 5-day and 20-day moving averages.

Investors may also be interested to know that ONGC has a high dividend yield of 3.4% at the current price.

In comparison to the Sensex, ONGC has performed significantly better in the past day and month, with a 1-day performance of 4.28% compared to Sensex's 0.97% and a 1-month performance of 11.22% compared to Sensex's -0.80%.

Overall, ONGC has shown a positive performance in the stock market and has been rated as a 'Hold' by MarketsMOJO. Investors may want to keep an eye on this largecap company in the oil exploration/refineries industry.
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