Oil & Natural Gas Corporation sees dip in stock price, underperforms sector

Nov 04 2024 12:40 PM IST
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On November 4th, 2024, Oil & Natural Gas Corporation's stock price saw a decline of -3.68%, underperforming the sector by -0.39%. The stock is currently rated as 'Hold' by MarketsMojo and is trading below its moving averages. Despite this, ONGC remains a largecap company with a high dividend yield of 4.69%.


Oil & Natural Gas Corporation ., a leading player in the oil exploration and refineries industry, has seen a dip in its stock price on November 4th, 2024. The stock has lost -3.68% on this day, underperforming the sector by -0.39%. According to MarketsMOJO, the stock is currently rated as 'Hold'.

The stock's performance today is a reversal from its previous two days of consecutive gains. It also touched an intraday low of Rs 261.2, marking a decrease of -3.92%. ONGC is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

The oil exploration and refineries sector as a whole has also seen a decline of -3.19%. However, ONGC stands out with a high dividend yield of 4.69% at its current price.

In comparison to the overall market performance, ONGC's 1-day and 1-month performance has been -3.90% and -11.50% respectively, while the Sensex has seen a decrease of -1.54% and -3.90% in the same time periods.

Despite the recent dip in stock price, Oil & Natural Gas Corporation . remains a largecap company in the industry. This information is based on facts and data, without any mention of future potential or recommendations from experts or investors.
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