Today’s Ongc stock price on July 11, 2024: As of 12:00 today, November 7, Ongc stock trading price $266.25, down -1.04% from the previous closing price. Sensex is trading at $79493.79, down -1.1%. The stock has hit highs $270.6 and minimum $Daytime 266.1.
Technically, the stock is trading above the 5-day moving average and below the 10, 20, 50, 100, and 300-day moving averages. The stock will find support at the 5-day SMA and face resistance at the 10, 20, 50, 100, 300-day SMA
The stock’s SMA values are as follows:
Classic pivot level analysis shows that the key resistance levels for the stock on the daily time frame are $271.27, $274.03,& $277.42, while its key support level is $265.12, $261.73,& $258.97.
As of 12 am today, Ongc trading volume on NSE and BSE was -57.05% lower than the previous trading day. Trading volume, like price, is an important indicator for studying trends. Positive price changes with increased volume can indicate continued price increases, while negative price changes with increased volume may indicate further price declines.
Overall, while the stock is showing early signs of a trend reversal after a sharp downtrend, continued monitoring is recommended, according to Mint technical analysis.
From a fundamental analysis, the company’s ROE is 15.88% and ROA is 8.60%.
The stock’s 1-year forecast median upside is 23.94%, with a target price of $330.00.
As per September quarter filings, the company has 0.00% promoter stake, 10.52% MF stake and 8.12% FII stake.
MF shareholding dropped from 10.86% in June to 10.52% in the September quarter.
FII shareholding fell to 8.12% in the September quarter from 8.57% in June.
Ongc shares fell -1.04% today, trading at $266.25, while its peers were a mixed bag. Shares of peers like Reliance Industries, Oil India fell today, but peers like Hindustan Petroleum Corporation and Petronet LNG were gaining. Overall, benchmark indices Nifty and Sensex fell -1.09% and -1.1% respectively.
