ONGC Faces Consecutive Stock Declines Amid Broader Market Stability

Feb 07 2025 09:35 AM IST
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Oil & Natural Gas Corporation (ONGC) has seen a significant decline in stock performance, with consecutive losses over the past two days. The stock is trading below key moving averages, indicating a bearish trend. Despite this, ONGC offers a high dividend yield, appealing to income-focused investors.
Oil & Natural Gas Corporation (ONGC) has experienced a notable decline in its stock performance today, with a decrease of 3.06% as of February 7, 2025. This drop has positioned the stock as an underperformer in its sector, trailing by 2.01%. Over the past two days, ONGC has faced consecutive losses, accumulating a total decline of 4.95%.

During today's trading session, the stock reached an intraday low of Rs 248.55, reflecting a decrease of 2.99%. The company's stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in its short to long-term performance.

In terms of dividend yield, ONGC maintains a high yield of 4.98% at its current price, which may appeal to income-focused investors. Over the past month, the stock has declined by 5.88%, while the broader Sensex index has only seen a minor decrease of 0.21%. This performance highlights the challenges ONGC is facing in the current market environment.
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