ONGC Share Price, Analysis & Fundamentals

ONGC's strong YoY profit growth and increasing 'Strong Buy' ratings contrast with a bearish technical setup (RSI 33.5), suggesting potential for a rebound if sentiment shifts.

Despite a bearish technical outlook with a low RSI of 33.5 and prices below key moving averages, the company's fundamentals show robust growth, with net profit increasing by 52.571% year-over-year and EPS growing by 45.516% YoY.
Analysts maintain a generally positive stance, with a slight increase in 'Strong Buy' ratings this week, although the overall distribution shows a significant number of 'Hold' and 'Sell' recommendations.
Institutional investors are showing mixed signals, with Foreign Institutional Investors (FIIs) increasing their stake by 0.54% while Domestic Institutional Investors (DIIs) reduced theirs by 0.39% this quarter.
Recent company announcements include the release of an earnings call transcript and a notice for a postal ballot, alongside a corrigendum clarifying the appointment of Shri Anupam Agarwal as Director (Finance) for a specific tenure.
External news indicates that oil prices are steadying amid geopolitical uncertainty, with Brent crude hovering near $95, though this is sector-level context and not directly company-specific news for ONGC.

The stock experienced a short-term decline, with 1-day, 5-day, and 1-month returns showing negative performance.
The trend regime is bearish, indicated by a negative trend alignment score and the price being below the 50-day and 200-day moving averages.
Momentum is weak, with the RSI at 33.5 and the MACD showing bearish signals.
Volatility is moderate, with the price positioned below the middle Bollinger Band and a band width of 19.06%.
The stock is trading below its 52-week high and is experiencing a drawdown of -12.28%.

The stock is currently in a bearish trend, characterized by negative returns across short-term periods and a bearish trend alignment score. Momentum indicators such as RSI and MACD also signal weakness. While volatility is present, the price is positioned below the middle Bollinger Band. The stock is also trading significantly below its 52-week high and is experiencing a notable drawdown, suggesting a challenging market environment.

Revenue for Mar 2026 quarter was ₹173,805 Cr.
Net profit saw a significant YoY increase of 52.571% and a QoQ increase of 14.499%.
EPS grew by 45.516% YoY and 8.04% QoQ.
Profit before tax increased by 41.889% YoY and 15.133% QoQ.

The company has released its earnings call transcript and a notice for a postal ballot, including newspaper clippings for remote e-voting. Additionally, there was a corrigendum regarding the appointment of Shri Anupam Agarwal as Director (Finance), with his tenure specified from June 3, 2026, to July 31, 2028.