ONGC share price target 2026

Price target: support and resistanceComputed 27 Jun 2026

Levels are a structural band around the live spot 233, set at 5.0% either side for psu volatility. The pivot tracks the live print; support and resistance re-derive on every end-of-day run.

These are structural reference lines, not a SEBI-registered price target. BazaarBaazi is independent media; the levels frame how the desk reads the ONGC chart, refreshed every end-of-day run.

The Crack Score, and how it is built80 / 100 · High conviction

The Crack Score is a deterministic 0 to 100 conviction number. Here is exactly what moved it for ONGC, so the figure is a transparent signal rather than a vibe.

Base 50, adjusted by the factors above and clamped to 0 to 100. How the Crack Score works.

About Oil and Natural Gas Corporation LtdBusiness profile

What ONGC actually does, and the edge that holds its position.

ONGC is the closest thing the Indian market has to a domestic oil major, and owning it means owning the wellhead rather than the petrol pump: it pumps the majority of the country's own crude oil and natural gas. The production base spans offshore fields at Mumbai High and the KG Basin plus onshore acreage across Gujarat, Rajasthan and Assam, with international upstream assets held through its subsidiary ONGC Videsh. It also reaches downstream through a controlling stake in HPCL and refining capacity at MRPL, which softens but never erases its exposure to the crude price.

ONGC's core advantage is its legacy acreage base: decades of exploration data, well-developed infrastructure at Mumbai High and substantial proven reserves give it a cost-position in Indian upstream that new entrants cannot replicate quickly. Government ownership provides access to preferential licensing and insulation from hostile capital markets.

The F&O viewHorizon · 1d

How the futures and options structure on ONGC reads right now.

Near-money option writing carries a put-heavy PCR of 1.36 near the money (writers cushioning the downside), with the active cage between the 225 PE and the 240 CE, and the heavier open interest sits on the put side, so the downside has the firmer cushion. Max-pain pulls toward 250, the level the writers' book is least exposed to into expiry. This is a structural read of the live option chain, not a derivatives trade recommendation.

Why it movedLatest editorial line

The most recent BazaarBaazi read on what is driving ONGC.

Earnings cluster: Tata Steel, ONGC, Coal India report after-hours today.

Read in Pratham Khabar on 14 May 2026. Why ONGC moved, the living explainer, tracks every move on one URL.

The 2026 to 2030 pictureStructural read

What genuinely drives ONGC over a multi-year horizon. A structural read, not a price forecast.

The 2026 to 2030 horizon for ONGC is shaped by the pace of mature-field decline at Mumbai High offset by new discoveries in deep-water and the KG basin, and by the government's subsidy and pricing policy on domestic natural gas. The energy transition is a structural overhang: upstream capex must balance sustaining legacy output with building optionality in gas, which burns cleaner than oil. The key risk is a prolonged fall in global crude prices compressing realisations while domestic field costs remain sticky. WHAT BAZAARBAAZI THINKS: This is a dividend-paying crude proxy with the government riding shotgun on your realisations; the production and yield are real, but the risk the Crack Score cannot capture is that New Delhi can rewrite gas pricing or subsidy-sharing overnight, so you are never fully holding a pure oil play here, you are holding policy too.

What to watch:

• KG-D98 block production ramp and timeline to plateau
• Net-realised crude price after government-mandated price caps
• Subsidy burden-sharing mechanism with downstream PSUs
• ONGC Videsh asset performance and geopolitical risk
• Domestic natural gas pricing policy revision

Peers and how to compare4 listed names

The listed names ONGC is most often read against. Compare them on the same Crack Score and levels.

Live valuation readQ4 FY26 earnings · live spot

P/E, P/B, yield and the quality set for Oil and Natural Gas Corporation Ltd, computed from the latest filed results times the live spot. The price-driven ratios (marked) refresh every session; ROE and margins hold until the next results.

Stored from Oil and Natural Gas Corporation Ltd's filed results, as of 2026-06-22 and currency-checked. Price input Rs 233.15 from baked EOD spot. Open the calculator, move the price and watch every ratio react.

Latest filed resultsQ4 FY26

Oil and Natural Gas Corporation Ltd's most recent quarter, parsed straight from the official NSE filing. Every figure links back to its primary source.

See every Q4 result the desk has read.

Earnings historyLast 8 quarters

Oil and Natural Gas Corporation Ltd's official quarterly revenue, EPS and Result Pulse trail from the verified filings export. These are quarterly facts, not TTM valuation inputs.

What changed50 disclosures

Every recent official filing from Oil and Natural Gas Corporation Ltd, straight from the exchange feed, with the BazaarBaazi Event Heat on the disclosure flow.

See what changed across the whole market.

Key fundamentalsEditorial reference

The anchor data BazaarBaazi references when reading the ONGC chart. Not a substitute for a registered research note.

Reference chartLevels in show

The daily frame the desk reads on ONGC.

FAQ15 reader questions · AEO-eligible

The line on ONGC, distilled and schema-marked for AI Overview, Perplexity, and reader search.

Related stock views

The names BazaarBaazi reads alongside ONGC, each a living view refreshed every end-of-day run.