ONGC Stock Review: October 23 to November 24

During the period from October 23 to November 24, the market price of ONGC stock stood at INR 188.85, with a gain of INR 3.65 (1.97%). Let's take a closer look at some key financial indicators and the holding pattern for this stock.

Key Financial Indicators

Indicator Value

PE Ratio 5.57

Industry P/E Ratio 4.84

P/B Ratio 0.77

ROE 15.87%

EPS INR 34.24

Book Value INR 246.12

Face Value INR 5

Analysis of Financial Indicators

PE Ratio: ONGC's PE ratio of 5.57 is higher than the industry P/E ratio of 4.84. This suggests that investors are willing to pay a premium for ONGC stock relative to its peers.

P/B Ratio: The P/B ratio of 0.77 indicates that ONGC stock is undervalued compared to its book value. This could be seen as an opportunity for investors seeking undervalued stocks.

ROE: The ROE of 15.87% reflects ONGC's strong profitability. This is a positive sign for the company's long-term growth prospects.

EPS: The EPS of INR 34.24 indicates that ONGC is generating a healthy profit per share. This is another positive indicator of the company's financial health.

Holding Pattern

The holding pattern for ONGC stock during this period is as follows:

Category Percentage

Promoters 58.89%

DII 9.89%

FII 8.38%

Public 2.84%

Observations from Holding Pattern

The total holding of Promoters, DII, and FII is 97.16%, which is a positive sign for ONGC stock. This suggests that institutional investors have confidence in the company's future prospects.

The public holding of 2.84% is relatively low. This could indicate that retail investors may be less enthusiastic about ONGC stock.

Disclaimer

It is important to note that this information does not constitute a stock buy recommendation. Investors should conduct thorough research and analysis before making any investment decisions. It is advisable to consult with a financial advisor or professional before investing in the stock market.