Oil & Natural Gas Corporation Limited (ONGC) witnessed a decline in its market capitalization as shares dropped by 3.50%, trading at ₹262.25 on the NSE, down from the previous close of ₹271.75. This drop led to an estimated market cap loss of ₹11,546 crore, bringing ONGC’s total market cap to approximately ₹3,29,917.82 crore.
The recent decline comes amid market volatility in the oil exploration and production sector. ONGC, India’s leading oil and gas exploration company, has seen fluctuations due to varying global oil prices and changing market dynamics. Investors continue to monitor the stock as it trades within its 52-week range of ₹185.75 to ₹345.00.
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