Oil & Natural Gas Corporation Ltd.
Share Price Target & Analysis

NSE:ONGC

283.34

VWAP

283.95

Open

282.9

Close

285.25

High

282.15

Low

292.55

52 Week High

283.20
0.30 (0.11%)

ONGC

(OIL & GAS)
93.4% Momentum

Trending & Favourite

150.05

52 Week Low

23.46

EPS

9.43

PE

1.27

PB

Standard
Quality

Steel
Valuation

#Analysis

NSE: ONGC Share Price Financial Analysis & Valuation

Oil & Natural Gas Corporation Ltd. (ONGC) is broadly categorized in OIL & GAS segment industry which deals in Oil Drilling And Exploration vertical. It is one of Large Cap company with Market Capitalization of Rs 208392 (in Cr). Total number of free float shares are 1283.3 (in Lacs). Oil & Natural Gas Corporation Ltd. is listed on NSE with Exchange ID - INE213A01029 and trading code is NSE:ONGC with short name ONGC.

Oil & Natural Gas Corporation Ltd. is a government-owned enterprise which is categorized as Public Sector Undertaking (PSU) or a Public Sector Enterprise.

Oil & Natural Gas Corporation Ltd. is a most liquid value blue chip company and also listed in TOP 20 Valuation Picks of NSE. ONGC is having low PE (Price to Earning), low PB (Price to Book) and high DY (Dividend Yield).

Oil & Natural Gas Corporation Ltd. is also traded in Future & Options (Derivative segment of NSE).

Oil & Natural Gas Corporation Ltd. is a high yielding company listed on NSE while meeting growth and stability requirements. ONGC is also listed in Top 50 NIFTY Dividend Opportunities Company List.

In the past 1 year, Oil & Natural Gas Corporation Ltd. has declared an equity dividend of Rs 11.25 per share. At the current share price of ONGC at Rs 283.20, this results in a dividend yield of 3.97 %.

As per the Fundamental Analysis of NSE:ONGC, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine ONGC underlying value and future prospects. All of this data is available in ONGC financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:ONGC, it is clearly understood that ONGC is Standard performer in terms of earnings and profit margins with an EPS of 23.46. NSE:ONGC book value per share as of today is 222.84. The current price to book ratio for ONGC as of Apr 29, 2024 is 1.27.

Valuation of the Stock: The current valuation of ONGC stock is like Steel which means currently the stock is Moderately Priced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of ONGC whether to BUY this stock at current valuation. The delivery percentage of ONGC is 56.58% is very crucial parameter which shows that 56.58% investors are anticipating that the price of ONGC share should go up with VWAP at 283.34.

Now, the main question is whether to BUY or SELL, NSE:ONGC at current valuation.
As per latest Analysis No. #3760:-

STRONG BUY ONGC if All Greens

BUY ONGC (at Lower Levels) if any 2 Greens

NEUTRAL or HOLD ONGC (With Stop Loss) if only 1 Green

SELL ONGC if NO Green Indicator

NSE: ONGC Share Price Today (Apr 29, 2024)

(Oil & Natural Gas Corporation Ltd. Daily Analysis on the basis of ONGC Intraday Graph & Trend)

Oil & Natural Gas Corporation Ltd. share price moved Up by 0.11% from its previous close of Rs 282.9. ONGC stock last traded price is 283.20. ONGC share price trend is Up with a total of 8952420 stocks traded till now. It has touched an intraday high of Rs 285.25 and an intraday low of Rs 282.15. The ONGC trading at 283.20, Up by Rs. 0.30, or 0.11 percent which suggests that most of the Traders are anticipating that the price of ONGC share should go Up.

NSE: ONGC Share Price Tomorrow Prediction

(Oil & Natural Gas Corporation Ltd. Share Price Prediction for Tomorrow & future forecast is based on Current Trend of ONGC)

Oil & Natural Gas Corporation Ltd. share price moved Up by 0.11%. ONGC share price short term trend is Up. It suggests that ONGC Share Price for Tomorrow remains the same with VWAP at 283.34 will be treated as stop loss for intraday traders. Oil & Natural Gas Corporation Ltd. Long term investors can follow the ONGC long term trend as mentiond in future forecast table.

NSE Code

NSE: ONGC

ONGC Share Price Today

283.20

ONGC Share Price Target Prediction for 2024 ^

212.9 - 294

ONGC Share Price Target Prediction for 2025*^

294 - 313.2

ONGC Share Price Target Prediction for 2026*^

313.2 - 335.1

ONGC Share Price Target Prediction for 2027*^

352

ONGC Share Price Target Prediction for 2028*^

362

ONGC Share Price Target Prediction for 2030*^

395
ONGC Current Book Value 2023
221.7

*Oil & Natural Gas Corporation Ltd. Short Term & Long Term share price target is based on current financial year earings of the company.

^ONGC share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

ONGC Technical Analysis

Candlestick Pattern: @279.85

ONGC Moving Averages

BUY (14) NEUTRAL (0) SELL (0)
MA Simple Action S1 Expo Action E2
MA_5 271.38 BUY 272.47 BUY
MA_12 269.76 BUY 270.16 BUY
MA_20 266.99 BUY 269.23 BUY
MA_32 268.97 BUY 266.66 BUY
MA_50 268.7 BUY 261.83 BUY
MA_100 245.56 BUY 248.2 BUY
MA_200 209.67 BUY 219.59 BUY

ONGC Trend Oscillators

BUY (3) NEUTRAL (1) SELL (0)
Trend Oscillators Value Action
Bollinger Bands 277.6 OverBought
MACD 0.54 BUY
ADX 16.42 NO or Weak Trend
DMI (+/-) 22.46 / 18.08 Uptrend

ONGC Momentum Oscillators

BUY (5) NEUTRAL (7) SELL (0)
Momentum Oscillators Value Action
RSI 60.27 Neutral
STOCHASTIC_K (Fast) 64.36 Neutral
STOCHASTIC_D (Slow) 41.14 Neutral
CCI 154.15 BUY
PSAR 263.75 BUY
TRUE RANGE 17.25 Neutral
ATR 8.08 Neutral
WILLIAMS R -12.65 Overbought
TRIX 0 Neutral
STOCHASTIC RSI K 100 Overbought
STOCHASTIC RSI D 66.67 Neutral
MOMENTUM 9.45 BUY

ONGC Last 1 Year Trend

Duration Value
1 Year 75.95%
3 Months 29.17%
1 Month 3.49%
1 Week 4.44%

ONGC Technical Analysis Summary

Updated on 2024-04-15
Action Overall (%)
BUY 73%
NEUTRAL / HOLD 27%
SELL 0%

Most popular Questions & Answers about ONGC


Oil & Natural Gas Corporation Ltd. stock last traded price is 283.20. ONGC share price moved Up by 0.11% from its previous close of Rs 282.9.

Oil & Natural Gas Corporation Ltd. share price trend is Up with a total of 8952420 stocks traded till now. It has touched an intraday high of Rs 295.4755 and an intraday low of Rs 282.15. The ONGC trading at 283.20, Up by Rs. 0.30, or 0.11 percent which suggests that most of the Traders are anticipating that the price of ONGC share should go Up and the Stop Loss will be around 283.34.

The market cap of Oil & Natural Gas Corporation Ltd. is ₹208392 (in Cr) as of Apr 28, 2024.

The current price to earning ratio for Oil & Natural Gas Corporation Ltd. as of Apr 28, 2024 is 9.43.

The current price to book ratio for Oil & Natural Gas Corporation Ltd. as of Apr 28, 2024 is 1.27.

The highest price of Oil & Natural Gas Corporation Ltd. stock is ₹292.55 in the last 52-week.

The lowest price of Oil & Natural Gas Corporation Ltd. stock is ₹150.05 in the last 52-week.

Oil & Natural Gas Corporation Ltd. share trading at ₹283.20, Up by Rs. 0.30, or 0.11 percent which suggests that most of the traders are anticipating that the price of ONGC share should go Up.

In 2023, Stock price target for Oil & Natural Gas Corporation Ltd. (ONGC) are ₹212.9 on downside and ₹294 on upside. Oil & Natural Gas Corporation Ltd. share price target is based on current financial year earings of the company.

In 2024, Stock price target for Oil & Natural Gas Corporation Ltd. (ONGC) are ₹294 on downside and ₹313.2 on upside. Oil & Natural Gas Corporation Ltd. share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Oil & Natural Gas Corporation Ltd. (ONGC) are ₹313.2 on downside and ₹335.1 on upside. Oil & Natural Gas Corporation Ltd. share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Oil & Natural Gas Corporation Ltd. (ONGC) will be around ₹362 Oil & Natural Gas Corporation Ltd. share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of ONGC.

As per the fundamental analysis of Oil & Natural Gas Corporation Ltd. (ONGC), it is of Standard quality in terms of earnings and profit margins with an EPS of 23.46. Oil & Natural Gas Corporation Ltd. book value per share as of today is 222.84. The current price to book ratio for ONGC as of Apr 29, 2024 is 1.27.


NSE:ONGC News & Other Useful Information about ONGC Share Price


Peer Comparison of NSE: ONGC

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Oil Drilling And Exploration

Company Price EPS BV
ONGC 283.20 23.46 222.84
GAIL 209.55 11.05 84.64
GUJGASLTD 552.00 16.01 101.62
ASIANENE 278.60 2.24 48.1
PETRONET 305.20 22.75 99.56
IGL 462.50 24.21 101.24
OIL 621.50 48.98 316.9
GSPL 298.30 22.12 164.36
HINDOILEXP 209.80 13 70.3
JINDRILL 783.55 34.57 367.21
Updated at: 29 Apr 2024 16:03

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