Stocks / Oil and Natural Gas Corporation (ONGC)

ONGC Share Price, Analysis & News

Oil and Natural Gas Corporation (ONGC) — Updated on 2026-06-22

Oil and Natural Gas Corporation Limited operates within the oil & gas operations industry, focusing on integrated oil and gas activities. The company's operations encompass the exploration, development, and production of crude oil, natural gas, and various value-added products within India. Additionally, it is involved in the acquisition of oil and gas assets. Investors closely monitor the Oil and Natural Gas Corporation share price to gauge its performance and potential. Understanding the Oil and Natural Gas Corporation business model is crucial for analyzing its position within the sector, alongside broader trends in oil and gas fundamentals and earnings.
Overview Daily Weekly Quarterly

Key Takeaway

ONGC shows strong YoY profit growth and bullish analyst sentiment despite a bearish technical trend and oversold RSI of 28.7.

Daily

2026-06-22
  • The stock is currently navigating a bearish trend, evidenced by its price trading below key moving averages (9, 21, and 50-day EMAs) and a negative trend alignment score of -3. This technical setup suggests a short-term outlook favoring sellers, with momentum indicators like RSI at 28.7 pointing to oversold conditions and MACD showing a bearish bias.
  • Despite the bearish technicals, the company's fundamentals present a contrasting positive picture. Revenue for the Mar 2026 quarter stood at ₹173,805 Cr, with significant year-over-year growth in net profit (52.571%) and EPS (45.516%), indicating strong underlying business performance.
  • Analysts maintain a generally positive outlook, with 63.33% of ratings being 'Strong Buy' or 'Buy', though there's a slight increase in 'Sell' ratings to 16.67%. This suggests that while the majority of analysts are optimistic, a small but growing contingent is becoming more cautious.
  • Institutional investors hold 27.27% of the company's shares, with a slight QoQ increase driven by FIIs, partially offset by DIIs. Promoters continue to hold a substantial majority stake of 58.89%, indicating strong insider confidence in the company's long-term prospects.
  • Recent market news highlights a neutral to negative sector update for the Energy sector, with one report suggesting crude oil prices could fall to $60 per barrel next year. While this is not company-specific, it could impact companies within the energy domain, though the provided context indicates this is not a direct catalyst for the specific stock.
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Weekly

Latest weekly signal
  • The stock price rose by 8.1% this week, driven by positive technical indicators and news regarding strategic oil reserve development.
  • The stock's RSI moved to 29.4, indicating oversold conditions, with a WoW increase of 5.9, suggesting improving momentum.
  • A potential US-Iran peace deal was discussed as a factor that could lead to lower crude oil prices, potentially impacting upstream oil and gas companies.
  • ONGC's subsidiary, OPaL, received board approval to raise up to 4,471 crore through the private placement of Non-Convertible Debentures.
  • The company's valuation metrics remain attractive, with a PE ratio of 9.4x and a PB ratio of 0.9x.
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Quarterly

fy26-q4
  • Net Profit rose to ₹13,678 Crores, showing strong growth driven by revenue increases and improved profit attributable to parent company owners. Revenue increased to ₹173,805 Crores, reflecting growth both quarter-over-quarter and year-over-year, supported by higher Other Income. Expenses saw a moderate increase quarter-over-quarter to ₹160,864 Crores, while Finance Costs decreased by about 12% year-over-year. Profit Loss For Period (cont. ops) declined slightly quarter-over-quarter but showed strong year-over-year growth, indicating a mixed short-term trend. Exceptional Items had a significant negative impact, shifting from a positive contribution to a notable loss.
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Price & Technical Structure

  • The stock experienced a short-term decline, with a 1-month return of -17.002% and a 3-month return of -7.252%.
  • The trend is bearish, indicated by a negative trend alignment score of -3 and the price being below the 9, 21, and 50-day EMAs.
  • Momentum is weak, with an RSI of 28.7, suggesting oversold conditions, and a bearish MACD.
  • Volatility is present, with the price positioned at 23.05% of the Bollinger Band width, and an annualized volatility of 25.05%.
  • The stock is trading at -18.55% from its 52-week high and -18.55% from its recent drawdown peak, reflecting significant downward pressure.
The stock is currently in a bearish trend, characterized by negative price action relative to key EMAs and a low trend alignment score. Momentum indicators like RSI are in oversold territory, while MACD signals a bearish bias. Volatility remains a factor, with the price near the lower end of the Bollinger Bands. The stock's structural positioning shows it is significantly off its 52-week high and experiencing a notable drawdown, reinforcing the bearish sentiment.

Weekly Momentum

  • The stock price rose by 8.1% this week, driven by positive technical indicators and news regarding strategic oil reserve development.
  • The stock's RSI moved to 29.4, indicating oversold conditions, with a WoW increase of 5.9, suggesting improving momentum.
  • A potential US-Iran peace deal was discussed as a factor that could lead to lower crude oil prices, potentially impacting upstream oil and gas companies.
  • ONGC's subsidiary, OPaL, received board approval to raise up to 4,471 crore through the private placement of Non-Convertible Debentures.
  • The company's valuation metrics remain attractive, with a PE ratio of 9.4x and a PB ratio of 0.9x.
ONGC experienced a positive price movement this week, breaking a recent downtrend and showing signs of oversold conditions easing. The stock's upward trend is supported by news of a significant strategic oil reserve project and a subsidiary's fundraising approval. However, broader market discussions about geopolitical events could introduce volatility. The company's fundamentals remain solid with attractive valuation multiples.

Quarterly Analysis

Net Profit rose to ₹13,678 Crores, showing strong growth driven by revenue increases and improved profit attributable to parent company owners.
Revenue increased to ₹173,805 Crores, reflecting growth both quarter-over-quarter and year-over-year, supported by higher Other Income.
Expenses saw a moderate increase quarter-over-quarter to ₹160,864 Crores, while Finance Costs decreased by about 12% year-over-year.
Profit Loss For Period (cont. ops) declined slightly quarter-over-quarter but showed strong year-over-year growth, indicating a mixed short-term trend.
Exceptional Items had a significant negative impact, shifting from a positive contribution to a notable loss.
The quarter's performance was characterized by strong overall profit growth, driven by revenue increases and improved profit attribution to owners. However, this was partially offset by a significant negative impact from exceptional items and a slight sequential decline in profit from continuing operations.
The company reported strong Net Profit growth, with an increase of about 14% quarter-over-quarter and a substantial 54% year-over-year, reaching ₹13,678 Crores. This performance was supported by revenue increases and a significant year-over-year improvement in profit attributable to parent company owners. Profit Or Loss Attributable To Owners Of Parent rose about 8% quarter-over-quarter and 48% year-over-year to ₹10,820 Crores.

Revenue experienced growth, increasing by about 4% quarter-over-quarter and 2% year-over-year to ₹173,805 Crores. This growth was supported by Other Income, which rose about 2% quarter-over-quarter and 13% year-over-year to ₹3,368 Crores. This indicates a positive trend in the company's top line.

Expenses increased by about 4% quarter-over-quarter to ₹160,864 Crores, though they saw a slight decrease of about 0.3% year-over-year. Notably, Finance Costs decreased by about 12% year-over-year to ₹3,070 Crores, which is a positive development for profitability. However, Exceptional Items had a significant negative impact, moving from a positive ₹45.1 Crores in the previous quarter to a negative ₹462 Crores in the current quarter.