ONGC Hits 52-Week Low Amid Sustained Downward Trend and Market Challenges

Feb 14 2025 02:35 PM IST
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Oil & Natural Gas Corporation (ONGC) has reached a new 52-week low, reflecting significant volatility and underperformance compared to its sector. The stock has seen consecutive losses over the past week and is trading below multiple moving averages, indicating a sustained downward trend amid broader market challenges.
Oil & Natural Gas Corporation (ONGC) has experienced significant volatility today, reaching a new 52-week low of Rs. 226.85. This decline marks a notable underperformance, with the stock trailing its sector by 1.45%. Over the past week, ONGC has faced consecutive losses, accumulating a total decline of 12.79%.

Intraday trading saw the stock hit a low of Rs. 226.85, reflecting a decrease of 3.49%. The company's performance metrics indicate that it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a sustained downward trend.

In terms of dividend yield, ONGC offers a high yield of 7.59% at its current price, which may appeal to income-focused investors. However, the stock's one-year performance shows a decline of 15.12%, contrasting sharply with the Sensex, which has gained 5.55% over the same period. These figures highlight the challenges ONGC faces in the current market environment.
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