Ongc share are up by 0.05%, Nifty down by -1.56%

Ongc Share Price Today on : At 03 Oct 13:00 today, Ongc shares are trading at price 292.4, 0.05% up from the previous closing price. Sensex is trading at 82887.8, down by -1.64%. The stock has hit a high of 297.9 and a low of 292.15 during the day.

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 current P/E of the stock is at 8.16 .

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.

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  • Aniket Pujari

    Aniket Pujari is a visionary entrepreneur and dedicated content creator who has made significant contributions to the digital media landscape. As the founder of Minute To Know News, he has established himself as a leading figure in the world of finance, cryptocurrencies, and Internet-related topics.

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