ONGC Share Price Jumps 2% Today Amid Crude Oil Rally

Oil & Natural Gas Corporation (ONGC) is India’s major upstream energy company, producing over 70% of the country’s crude and 84% of domestically sourced natural gas. As a Maharatna PSU listed on both NSE and BSE, its stock is sensitive to crude‑oil price volatility and geopolitical developments.

ONGC Share Price: Last 10 Trading Sessions

Using recent data between June 9 and June 20, 2025 (via WalletInvestor & Investing.com), here’s how ONGC moved:

This shows a fairly tight trading range in the ₹239–252 zone, with modest volatility.

1. Market Movement in Last 24 Hours

• ONGC share price today rallied around 2.1%, rising from ~₹247 to ₹252.3 on NSE trading platforms .

• Market cap stands at approx. ₹3.18 lakh cr, with intraday volumes crossing 6 million shares.

• The stock’s P/E ratio sits near 8.8×, EPS at ₹28.7, and crude‑heavy oil‑price reaction helped investors take fresh positions.

Below: snapshot of key metrics.

2. Crude Surge & Geopolitical Wind

Global crude prices squeezed higher, marking a 5‑month peak following US strikes on Iranian nuclear facilities—delivering a bullish backdrop for oil & gas majors like ONGC. Domestically, Nifty opened 1% lower amid market caution, but ONGC bucked the broader trend and recorded intraday gains.

3. Technical & Fundamental Insights

• Technicals: ONGC recently issued a bullish crossover buy signal, with 5‑day and 200‑day MAs aligning upward—a historically bullish pattern with ~3% average 30‑day return.

• Valuation: The P/E near 8.7× remains attractive versus sector peers, supported by a ~5%+ dividend yield .
• Comparative returns: In the past week, ONGC rose ~4%, 3‑month gains near ~10.9%, although lagging behind Sensex’s longer‑term 1‑year returns.

4. Analyst Ratings & Price Targets

• Brokerage Anand Rathi maintains a ‘Buy’ with a target of ₹290, citing crude upside and valuation room.

• On INDmoney, ~68% of analysts rate ONGC a ‘Buy’, with an average target around ₹283, signaling ~10–15% upside.

Short-Term Forecasts

WalletInvestor (14-day prediction)

• Neutral to slightly bullish: Centered around ₹244.67
• Range: ₹234.05–₹244.67

DailyBulls Weekly Outlook

• Targets over coming days:
  • Mon: ₹254.24
  • Tue: ₹255.79
  • Wed: ₹258.13
  • Thu: ₹260.46
  • Fri: ₹261.91

Analyst Insights

• Anand Rathi: Buy call, target ₹290 within a month.
• TradingView: 1-year consensus median forecast ~₹280.44 (range ₹205–360).

📉 Technical & Fundamental Highlights

• Stable base: Trading between ₹239–252 suggests a consolidation phase following minor dips.
• Technical signals: Short-term forecasts lean bullish, projecting a potential breakout toward ₹260+ .
• Fundamentals:
  • Trailing P/E ~8.8×, significantly below peer median (~20×).
  • Dividend yield ~4.9%, offering steady investor returns.

📾 Recommendation & Outlook

• Short-term (next 2 weeks): Expect mild gains, with a floor around ₹238–240 and potential peaks near ₹255–258.
• Medium-term (1–3 months): Analysts remain confident—targets range from ₹283 to ₹290, driven by favorable crude prices and attractive valuation.
• Risks to monitor:
  • Crude price slumps impacting margins.
  • Global macroeconomic headwinds.
  • Policy or taxation changes affecting PSUs.

🚀 Summary Table

Final Takeaway

ONGC share price today jumped ~2% in volatile markets, driven by crude prices hitting a multi‑month crest amid geopolitical tension. With healthy fundamentals, technical support, and earnings-backed yields, analysts retain a bullish rating—targeting ₹283–290. However, investors should monitor global appetite for oil and domestic policy cues that could swiftly shift sentiment.

Written by K.P Wilson

A self-made entrepreneur, I turned my passion for crypto, forex, and stock trading into a multi-million dollar empire. From humble beginnings to financial mastery.