NSE: ONGC Share Price Financial Analysis & Valuation

Oil & Natural Gas Corporation Ltd. is a government-owned enterprise which is categorized as Public Sector Undertaking (PSU) or a Public Sector Enterprise.

Oil & Natural Gas Corporation Ltd. is a most liquid value blue chip company and also listed in TOP 20 Valuation Picks of NSE. ONGC is having low PE (Price to Earning), low PB (Price to Book) and high DY (Dividend Yield).

Oil & Natural Gas Corporation Ltd. is also traded in Future & Options (Derivative segment of NSE).

Oil & Natural Gas Corporation Ltd. is a high yielding company listed on NSE while meeting growth and stability requirements. ONGC is also listed in Top 50 NIFTY Dividend Opportunities Company List.

In the past 1 year, Oil & Natural Gas Corporation Ltd. has declared an equity dividend of Rs 11.25 per share. At the current share price of ONGC at Rs 286.10, this results in a dividend yield of 3.93 %.

As per the Fundamental Analysis of NSE:ONGC, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine ONGC underlying value and future prospects. All of this data is available in ONGC financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:ONGC, it is clearly understood that ONGC is Standard performer in terms of earnings and profit margins with an EPS of 23.46. NSE:ONGC book value per share as of today is 222.84. The current price to book ratio for ONGC as of May 04, 2024 is 1.28.

Valuation of the Stock: The current valuation of ONGC stock is like Steel which means currently the stock is Moderately Priced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of ONGC whether to BUY this stock at current valuation. The delivery percentage of ONGC is 56.58% is very crucial parameter which shows that 56.58% investors are anticipating that the price of ONGC share should go up with VWAP at 288.75.

Now, the main question is whether to BUY or SELL, NSE:ONGC at current valuation.
As per latest Analysis No. #3792:-

⇑ STRONG BUY ONGC if All Greens

⇗ BUY ONGC (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD ONGC (With Stop Loss) if only 1 Green

⇘ SELL ONGC if NO Green Indicator

NSE: ONGC Share Price Today (May 04, 2024)

(Oil & Natural Gas Corporation Ltd. Daily Analysis on the basis of ONGC Intraday Graph & Trend)

Oil & Natural Gas Corporation Ltd. share price moved Up by 1.17% from its previous close of Rs 282.8. ONGC stock last traded price is 286.10. ONGC share price trend is Up with a total of 28913016 stocks traded till now. It has touched an intraday high of Rs 292.95 and an intraday low of Rs 284.00. The ONGC trading at 286.10, Up by Rs. 3.30, or 1.17 percent which suggests that most of the Traders are anticipating that the price of ONGC share should go Up.

NSE: ONGC Share Price Tomorrow Prediction

(Oil & Natural Gas Corporation Ltd. Share Price Prediction for Tomorrow & future forecast is based on Current Trend of ONGC)

Oil & Natural Gas Corporation Ltd. share price moved Up by 1.17%. ONGC share price short term trend is Up. It suggests that ONGC Share Price for Tomorrow remains the same with VWAP at 288.75 will be treated as stop loss for intraday traders. Oil & Natural Gas Corporation Ltd. Long term investors can follow the ONGC long term trend as mentiond in future forecast table.

NSE:ONGC News & Other Useful Information about ONGC Share Price

Peer Comparison of NSE: ONGC

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Oil Drilling And Exploration