Aniket Pujari
Ongc Share Price Today on
On the technical front, the stock is trading above the 300 days SMA & lower than the 5,10,20,50,100 day SMA. The stock will have support at 300 days SMA & face resistance at 5,10,20,50,100 days SMA
The SMA values for the stock are given below :
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹297.32, ₹302.38, & ₹305.67, whereas it has key support levels at ₹288.97, ₹285.68, & ₹280.62.
Till 1 PM today, the volume traded on NSE & BSE for Ongc was 54.22% higher than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.
Overall, as per Mint technical analysis, Though the stock is showing signs of bottoming out, investors should exercise patience and await confirmation of a bullish short-term trend for a confirmed reversal..
From a fundamental analysis perspective, the company has a ROE of 15.88%
The median 1-year forecasted upside in this share is at 13.20% with a target price of ₹331.00.
The company has a 58.89% promoter holding, 10.86% MF holding, & 8.57% FII holding as per filings in the june quarter.
The MF holding has decreased from 11.06% in march to 10.86% in the june quarter.
The FII holding has decreased from 8.88% in march to 8.57% in the june quarter.
Ongc share price up 0.05% today to trade at ₹292.4 while its peers are mixed. Its peers such as Reliance Industries, Hindustan Petroleum Corporation, Oil India are falling today, but its peers Petronet LNG are on the rise. Overall, benchmark indices Nifty & Sensex are down -1.56% & -1.64% each respectively.
