Today’s Ongc stock price on November 8, 2024: Today, November 8, 11:26, Ongc stock trading price $261.5, down -1.41% from the previous closing price. Sensex is trading at $79427.76, down -0.14%. The stock has hit highs $266.75 and lowest price $Daytime 261.35.
On the technical front, the stock is trading below the 5, 10, and 20-day short-term simple moving averages as well as the 50, 100, and 300-day long-term moving averages.
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 $269.12, $272.73,& $274.87, while key support is $263.37, $261.23,& $257.62.
As of 11 am today, Ongc trading volume on NSE and BSE was -71.67% 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, the stock is currently experiencing a strong downtrend, 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 26.20%, 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 holdings fell to 8.12% in the September quarter from 8.57% in June.
Ongc shares fell -1.41% today, trading at $261.5, while its peers were a mixed bag. Shares of Reliance Industries, Oil India, Hindustan Petroleum Corporation and Petronet LNG fell today even as their peers rose. Overall, benchmark indices Nifty and Sensex fell -0.15% and -0.14% respectively.
