ONGC Share Price, Analysis & Fundamentals

ONGC's strong profit growth is currently overshadowed by sector-wide market weakness, despite a stable analyst outlook and a recent positive credit rating affirmation.

The market exhibits a mixed performance, with positive short-term returns but negative long-term returns and a price below key moving averages.
The company shows strong financial fundamentals with steady revenue growth and significant year-over-year increases in net profit and EPS.
Analyst ratings are predominantly bullish, with a stable distribution of 'Buy' and 'Strong Buy' recommendations.
Institutional ownership has slightly increased quarter-over-quarter, with a shift between FIIs and DIIs, while promoters maintain a significant stake.
Fitch has affirmed ONGC's rating at BBB-/Stable and raised its Short-Term SCP to bbb+.
Recent news highlights include potential for ethanol as a mainstream cooking fuel and a general market downturn, both providing sector context rather than direct company catalysts.

The market shows a mixed performance with positive short-term returns (1 day, 5 days, 1 month) but a significant negative return over 3 months.
Technical indicators suggest a neutral trend alignment, with the price trading below the 50-day moving average, indicating potential weakness.
Momentum is neutral to slightly bullish, as indicated by the RSI being around 51.81 and the MACD showing a bullish crossover.
Volume signals are bearish, with average daily volume decreasing and the volume oscillator showing a negative value, suggesting lower participation.
The stock is trading within its 52-week range, but is currently experiencing a drawdown from its recent high.

The market is exhibiting a neutral to slightly bearish sentiment. While short-term returns are positive, the longer-term 3-month return is negative, and the price is trading below key moving averages. The trend alignment score of -1 further supports this neutral stance. Momentum indicators are mixed, with a bullish MACD crossover but an RSI that is not indicating overbought or oversold conditions. Volume is a concern, with below-average trading activity and a negative volume oscillator, suggesting a lack of conviction. The stock is also experiencing a drawdown from its 52-week high. Valuation metrics (P/E and P/B) are below their 6-month averages, which could be seen as a potential value opportunity or a reflection of underlying weakness.

The company reported a revenue of ₹173,805 Cr in the latest quarter.
Revenue saw a QoQ increase of 3.812% and a YoY increase of 3.61%.
Net profit experienced a significant YoY growth of 52.571%, with EPS also rising by 45.516% YoY.
Profitability shows a positive trend with net profit up 14.499% QoQ and 41.889% YoY before tax.

Fitch has affirmed ONGC's rating at BBB-/Stable and raised its Short-Term ক্রেডিট (SCP) to bbb+ on July 16, 2026. This announcement was made under Regulation 30 (LODR) concerning credit ratings.