Significance of Nifty 50 Membership
As a large-cap stock with a market capitalisation of approximately ₹3,05,575 crores, Oil & Natural Gas Corporation holds a prominent position within the Nifty 50 index. This membership not only underscores the company’s scale and influence but also ensures its inclusion in numerous index-tracking funds and institutional portfolios. The stock’s presence in the benchmark facilitates liquidity and visibility, attracting a diverse investor base ranging from domestic mutual funds to global asset managers.
ONGC’s sector classification within the oil industry places it at the heart of India’s energy landscape. The company’s valuation metrics, including a price-to-earnings (P/E) ratio of 8.32, s...
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