Break down in ongc
Oil and Natural Gas Corporation Limited (NS:ONGC) which holds a weightage of around 0.79% in Nifty 50 is looking weak on the chart. The company has a market capitalization of INR 2,08,832 crores and trades at a TTM P/E ratio of a mere 4.94. FIIs were seen trimming their stake in the company for the last three quarters, cutting it down from 9.97% in June 2022 to 7.97% by March 2023 end.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.