ONGC Stock Shows Strong Performance, Outperforms Sector and Offers High Dividend Yield

Oil & Natural Gas Corporation . (ONGC) has seen a positive trend in its stock performance on November 25, 2024. The company's stock has gained 3.73%, outperforming the sector by 0.95%. This marks the second consecutive day of gains for ONGC, with a total increase of 5.02% in the past two days.

On November 25, ONGC's stock reached an intraday high of Rs 254.5, showing a 3.79% increase. However, the stock is currently trading higher than its 5-day moving average, but lower than its 20-day, 50-day, 100-day, and 200-day moving averages.

In the oil exploration/refineries sector, ONGC has gained 2.78%, indicating a positive trend in the industry. Additionally, the company's stock offers a high dividend yield of 5.2% at the current price.

Comparing ONGC's performance to the overall market, the company has outperformed the Sensex by 4.26% in the past day and has a 1-month performance of -2.98% compared to the Sensex's 1.15% increase.

Overall, ONGC's stock has shown a positive trend in its performance, with a strong gain on November 25 and a consecutive two-day increase. Investors may want to keep an eye on the company's stock as it continues to outperform the sector and offer a high dividend yield.