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Oil & Natural Gas Corpn Ltd (ONGC)

₹280.10.39%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Oil & Natural Gas Corpn Ltd share Performance

  • ₹278.35
    ₹284
    ₹280.1
    downward going graph

    0.62%

    Low

    Day's Volatility:2.02%

    High

    1.39%

    downward going graph
  • ₹150.05
    ₹292.95
    ₹280.1
    downward going graph

    46.43%

    Low

    52 Weeks Volatility:51.02%

    High

    4.59%

    downward going graph
1 Month Return+ 0.79 %
3 Month Return+ 2.22 %
1 Year Return+ 68.48 %
Previous Close₹279.00
Open₹281.10
Volume1.76Cr
Upper Circuit-
Lower Circuit-
Market Cap₹3,50,989.79Cr

Analyst Rating

based on 30 analysts

BUY
53.33%
Buy
23.33%
Hold
23.33%
Sell

Based on 30 analysts offering long term price targets for Oil & Natural Gas Corpn Ltd. An average target of ₹265.2

Source: S&P Global Market Intelligence

Company Information

Oil and Natural Gas Corporation Ltd (ONGC) is a public sector undertaking (PSU) of the Government of India and was incorporated on 23 August 1956. It is India's largest oil and gas exploration and production company and is ranked among the top 10 global energy companies.

The company operates in exploration and production of crude oil and natural gas, refining of crude oil, production of LPG and other petrochemicals, and marketing of petroleum products. ONGC is also engaged in the development of alternate sources of energy such as wind and solar power.

ONGC's top products include crude oil, natural gas, LPG, and petrochemicals. Its popular brands are ONGC Videsh, ONGC Petro additions, ONGC Mangalore Petrochemicals, and ONGC Tripura Power. ONGC has presence in more than 20 countries across the world and is India's largest oil and gas exploration and production company.

Share Price: ₹280.10 per share as on 21 May, 2024 04:01 PM
Market Capitalisation: ₹3,50,989.79Cr as of today
Revenue: ₹1,66,770.63Cr as on March 2024 (Q1 24)
Net Profit: ₹11,526.53Cr as on March 2024 (Q1 24)
Listing date: 09 Aug, 1995
Chairperson Name: ARUN KUMAR SINGH
OrganisationOil & Natural Gas Corpn Ltd
HeadquartersDehradun
IndustryCrude Oil & Natural Gas
E-voting on sharesClick here to vote

Key events for Oil & Natural Gas Corpn Ltd

  • ONGC Plans to Increase Production by 20% - 22 May, 2024

    Oil & Natural Gas Corporation (ONGC) plans to increase its cumulative production of crude oil and natural gas by 20% to 47 MMtoe over the next three years. The company expects peak production of 45,000 barrels per day in Q4FY25 from the KG-98/2 block and 10 mmscmd of gas from the KG block by the end of FY25. ONGC's net crude oil realisations improved to $80.81 per barrel in Q4FY24. Capital expenditure target set at Rs 33,000-35,000 crore.

  • ONGC Reports Strong Financial Results and Production Growth - 21 May, 2024

    Oil & Natural Gas Corporation (ONGC) reported strong financial results with the highest-ever standalone net profit of Rs 40,526 crore in FY24 and a 78% YoY jump in consolidated net profit at Rs 11,526.53 crore for Q4 FY24. The company also saw growth in crude oil production and announced a total dividend of Rs 12.25 per share.

  • ONGC Announces Bumper Dividend and Declares Q4 Results - 20 May, 2024

    State-owned Oil and Natural Gas Corporation (ONGC) announced a bumper dividend for shareholders and declared its Q4 results, reporting a decline in net profit of around 10% YoY to ₹10,356 crore. The company's revenue from operations in Q4FY24 dropped by 2.2% YoY to ₹1,65,569 crore. District Collector assured fresh land survey for ONGC pipeline project in West Godavari district.

  • ONGC Faces Limited Net Realisation, Fall in Q4 Profit Expected - 18 May, 2024

    Oil & Natural Gas Corporation (ONGC) is expected to report a fall in net profit for Q4FY24 due to limited net realisation from oil and gas. However, the company has started a new transport service for its personnel from various oil platforms and drilling rigs in Mumbai High.

  • ONGC Faces Mixed Prospects Amidst Talks of Consortium Bid - 17 May, 2024

    Oil & Natural Gas Corpn Ltd faces mixed prospects as it may see a decline in Q4 net profit despite an expected rise in EBITDA. However, the company is reportedly in talks with NTPC Green Energy to form a consortium to bid for Ayana Renewable Power. Additionally, ONGC and Oil India Ltd are set to benefit from lower taxes on their crude oil output.

  • ONGC Shares Rise as Government Cuts Windfall Tax on Crude Oil - 16 May, 2024

    Shares of ONGC rose by 1.5% on the National Stock Exchange after the Indian government reduced the windfall tax on petroleum crude from ₹8,400 to ₹5,700 per tonne. This move will benefit upstream oil exploration and production companies such as ONGC and Oil India Ltd.

  • ONGC Videsh Directed to Scout for Critical Minerals Overseas - 15 May, 2024

    The Indian government has directed state-owned companies, including ONGC Videsh Ltd, to start looking for critical mineral assets overseas. The Indian mines ministry is encouraging ONGC Videsh to scout for critical minerals such as lithium and copper in Zambia and Congo.

  • ONGC Board Approves Investment in Subsidiary - 13 May, 2024

    Oil & Natural Gas Corporation's board has approved a total investment of Rs 11.99 billion in its wholly-owned subsidiary, ONGC Green. The company also incurred a capex of Rs 2,318 crore in the first month of the current financial year.

  • ONGC Green Limited Prepares for IPO - 11 May, 2024

    Oil and Natural Gas Corporation (ONGC) subsidiary, ONGC Green Limited, is preparing for an IPO. The company focuses on renewable energy, biofuels, green hydrogen, and carbon capture, with plans to invest in various sectors within renewable energy such as solar, wind, hydel, tidal, and geothermal energy, as well as in biofuels, biogas, green hydrogen, and associated derivatives like green ammonia and methanol.

  • ONGC Board Meeting to Consider Final Dividend Announcement - 09 May, 2024

    The board of directors of ONGC is set to meet on May 20, during which it may announce a final dividend for investors. Global brokerage firm Jefferies has recommended a buy call to ONGC with a target price of Rs 390.

  • ONGC Announces Total Interim Dividend Payout of Rs 9.75 per Share - 06 May, 2024

    Oil major ONGC has announced a total interim dividend payout of ₹9.75 per share for FY24, with investors anticipating another dividend payout along with its final Q4 results.

  • ONGC Stock Witnesses Positive Momentum - 03 May, 2024

    Oil & Natural Gas Corpn Ltd (ONGC) experiences positive momentum as Jefferies maintains a buy rating with a target price of Rs 390, the stock hits a multi-year high of Rs 292.95, and there is a build-up of fresh long positions in the F&O market.

  • ONGC Aims to Boost Production Amidst Windfall Tax Increase - 02 May, 2024

    India's largest oil and gas explorer, ONGC, is aiming to reverse declining production by increasing output from its Krishna Godavari basin. However, the government's increase in windfall tax may impact profits of crude oil producers such as ONGC and Oil India.

  • Government Cuts Windfall Tax on Crude Oil - 01 May, 2024

    The Indian government has reduced the windfall tax on crude oil to Rs 8,400 per metric ton from Rs 9,600. This move is expected to benefit upstream oil exploration and production companies such as ONGC and Oil India Ltd as they will have to pay a lower tax on their crude.

  • Vikas Lifecare Announces Capacity Expansion for ONGC Petro Additions - 30 Apr, 2024

    Del-credere agent Vikas Lifecare has acquired new land adjoining its existing factories in Rajasthan to expand capacity for ONGC Petro Additions. The expansion is expected to add Rs 60 crore to the gross revenues from compounding business segment.

  • ONGC Contributes 1.6 MMT to Domestic Crude Production - 25 Apr, 2024

    In March, domestic crude production remained steady at 2.5 MMT with ONGC contributing 1.6 MMT and Oil India Limited at 0.3 MMT. The difference between domestic gas production and imports widened to 2,456 MMSCM.

Fundamentals of Oil & Natural Gas Corpn Ltd

Insights on Oil & Natural Gas Corpn Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 6 months, ONGC stock has moved up by 45.9%

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 2.89% to 3.05% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 3 quarters, 1.50L Cr → 1.71L Cr (in ₹), with an average increase of 6.2% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Oil India Ltd has given 144.6% return, outperforming this stock by 76.1%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 58.89% of holdings in Mar 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Oil India Ltd has given 391.1% return, outperforming this stock by 243.6%

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 4 quarters, 14.13K Cr → 10.10K Cr (in ₹), with an average decrease of 10.2% per quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 7.58% to 7.35% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 9.19% to 8.88% in Mar 2024 quarter

Oil & Natural Gas Corpn Ltd Valuation

Oil & Natural Gas Corpn Ltd in the last 5 years

  • Overview

  • Trends

Lowest (2.96x)

July 6, 2022

Today (7.21x)

May 18, 2024

Industry (8.15x)

May 18, 2024

Highest (297.63x)

February 25, 2021

LowHigh

Mutual Fund Holdings

Funds Holdings
ICICI Prudential Value Discovery Fund Direct Plan GrowthICICI Prudential Value Discovery Fund Direct Plan Growth2.71%
ICICI Prudential Equity & Debt Fund Direct Plan GrowthICICI Prudential Equity & Debt Fund Direct Plan Growth3.07%
ICICI Prudential Bluechip Fund Direct Plan GrowthICICI Prudential Bluechip Fund Direct Plan Growth1.45%
ICICI Prudential Multi-Asset Fund Direct Plan GrowthICICI Prudential Multi-Asset Fund Direct Plan Growth1.94%
SBI Long Term Equity Fund Direct GrowthSBI Long Term Equity Fund Direct Growth3.02%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
58.89%
0.00
Foreign Institutions
8.88%
0.00
Mutual Funds
7.35%
0.00
Retail Investors
3.05%
0.00
Others
21.83%
0.00

Technicals of Oil & Natural Gas Corpn Ltd share

News & Events of Oil & Natural Gas Corpn Ltd

News

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Oil & Natural Gas Corpn Ltd (ONGC) share price today is ₹280.1

Oil & Natural Gas Corpn Ltd is listed on NSE

Oil & Natural Gas Corpn Ltd is listed on BSE

  • Today’s highest price of Oil & Natural Gas Corpn Ltd is ₹284.
  • Today’s lowest price of Oil & Natural Gas Corpn Ltd is ₹278.35.

PE Ratio of Oil & Natural Gas Corpn Ltd is 7.21

PE ratio = Oil & Natural Gas Corpn Ltd Market price per share / Oil & Natural Gas Corpn Ltd Earnings per share

Today’s traded volume of Oil & Natural Gas Corpn Ltd(ONGC) is 1.76Cr.

Today’s market capitalisation of Oil & Natural Gas Corpn Ltd(ONGC) is ₹350989.79Cr.

Oil & Natural Gas Corpn Ltd(ONGCPrice
52 Week High
₹292.95
52 Week Low
₹150.05

Oil & Natural Gas Corpn Ltd(ONGC) share price is ₹280.1. It is down -4.39% from its 52 Week High price of ₹292.95

Oil & Natural Gas Corpn Ltd(ONGC) share price is ₹280.1. It is up 86.67% from its 52 Week Low price of ₹150.05

Oil & Natural Gas Corpn Ltd(ONGCReturns
1 Day Returns
1.1%
1 Month Returns
0.79%
3 Month Returns
2.22%
1 Year Returns
68.48%