Shares of Oil and Natural Gas Corporation (ONGC) edged higher on Tuesday following a large block deal on the exchanges. Around 47.8 lakh shares of the state-run energy major changed hands, though the identity of the buyers and sellers remains undisclosed at the time of writing.
At 1:08 PM, ONGC was trading at ₹231.60 per share, up 0.12% from its previous close of ₹231.33. The stock moved in a range of ₹231.00–₹233.04 during the session.
ONGC’s current market capitalization stands at ₹2.91 lakh crore, with a dividend yield of 5.29% and a P/E ratio of 8.09.
Market participants are watching closely to see whether the block trade signals institutional buying or selling, which could influence the stock’s near-term trend.
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ONGC