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

NSE:ONGC

245.51

VWAP

244.8

Open

242.15

Close

246.95

High

243.5

Low

345

52 Week High

245.45 ⇧
3.30 (1.36%)

ONGC

(OIL & GAS)
36.5% Momentum

Turnaround Potential

188.15

52 Week Low

32.06

EPS

8.53

PE

1.01

PB

Deluxe
Quality

Iron
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 12.25 per share. At the current share price of ONGC at Rs 245.45, this results in a dividend yield of 4.99 %.

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 Deluxe performer in terms of earnings and profit margins with an EPS of 32.06. NSE:ONGC book value per share as of today is 243.22. The current price to book ratio for ONGC as of Nov 23, 2024 is 1.01.

Valuation of the Stock: The current valuation of ONGC stock is like Iron which means currently the stock is Inexpensive. 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 49.78% is very crucial parameter which shows that 49.78% investors are anticipating that the price of ONGC share should go up with VWAP at 245.51.

Now, the main question is whether to BUY or SELL, NSE:ONGC at current valuation.
As per latest Analysis No. #4906:-

⇑ 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 (Nov 23, 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 1.36% from its previous close of Rs 242.15. ONGC stock last traded price is 245.45. ONGC share price trend is Up with a total of 9629430 stocks traded till now. It has touched an intraday high of Rs 246.95 and an intraday low of Rs 243.5. The ONGC trading at 245.45, Up by Rs. 3.30, or 1.36 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 1.36%. ONGC share price short term trend is Up. It suggests that ONGC Share Price for Tomorrow remains the same with VWAP at 245.51 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

 245.45

ONGC Share Price Target Prediction for 2024 ^

 197.3 - 283.1

ONGC Share Price Target Prediction for 2025*^

 283.1 - 369.4

ONGC Share Price Target Prediction for 2026*^

 369.4 - 395.3

ONGC Share Price Target Prediction for 2027*^

 415

ONGC Share Price Target Prediction for 2028*^

 427

ONGC Share Price Target Prediction for 2030*^

 465
ONGC Current Book Value 2023
242

*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: @250.8

ONGC Moving Averages

BUY (0) NEUTRAL (0) SELL (14)
MA Simple Action S1 Expo Action E2
MA_5 255.79 SELL 255.47 SELL
MA_12 262.34 SELL 261.64 SELL
MA_20 265.43 SELL 265.97 SELL
MA_32 275.66 SELL 273.46 SELL
MA_50 281.92 SELL 279.57 SELL
MA_100 300.84 SELL 285.2 SELL
MA_200 284.42 SELL 273.82 SELL

ONGC Trend Oscillators

BUY (1) NEUTRAL (0) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 265.43 Downtrend
MACD -0.61 SELL
ADX 47.93 Strong Trend
DMI (+/-) 9.01 / 32.4 Downtrend

ONGC Momentum Oscillators

BUY (1) NEUTRAL (2) SELL (9)
Momentum Oscillators Value Action
RSI 27.71 Oversold
STOCHASTIC_K (Fast) 9.5 Oversold
STOCHASTIC_D (Slow) 7.74 Oversold
CCI -170.07 SELL
PSAR 271.79 SELL
TRUE RANGE 5.3 BUY
ATR 7.32 Neutral
WILLIAMS R -92.9 Oversold
TRIX 0 Neutral
STOCHASTIC RSI K 0 Oversold
STOCHASTIC RSI D 0 Oversold
MOMENTUM -34.6 SELL

ONGC Last 1 Year Trend

Duration Value
1 Year 27.47%
3 Months -25.33%
1 Month -12.12%
1 Week -5.43%

ONGC Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 7%
NEUTRAL / HOLD 7%
SELL 87%

Most popular Questions & Answers about ONGC


Oil & Natural Gas Corporation Ltd. stock last traded price is 245.45. ONGC share price moved Up by 1.36% from its previous close of Rs 242.15.

Oil & Natural Gas Corporation Ltd. share price trend is Up with a total of 9629430 stocks traded till now. It has touched an intraday high of Rs 348.45 and an intraday low of Rs 243.5. The ONGC trading at 245.45, Up by Rs. 3.30, or 1.36 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 245.51.

The market cap of Oil & Natural Gas Corporation Ltd. is ₹208392 (in Cr) as of Nov 22, 2024.

The current price to earning ratio for Oil & Natural Gas Corporation Ltd. as of Nov 22, 2024 is 8.53.

The current price to book ratio for Oil & Natural Gas Corporation Ltd. as of Nov 22, 2024 is 1.01.

The highest price of Oil & Natural Gas Corporation Ltd. stock is ₹345 in the last 52-week.

The lowest price of Oil & Natural Gas Corporation Ltd. stock is ₹188.15 in the last 52-week.

Oil & Natural Gas Corporation Ltd. share trading at ₹245.45, Up by Rs. 3.30, or 1.36 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 ₹197.3 on downside and ₹283.1 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 ₹283.1 on downside and ₹369.4 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 ₹369.4 on downside and ₹395.3 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 ₹427 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.

The price of Oil & Natural Gas Corporation Ltd. (ONGC) shares moved by 1.36%. The short-term trend for ONGC share price is Up. It implies that the share price of ONGC will stay the same tomorrow and that intraday traders should treat VWAP at 245.51 as a stop loss. Investors with a long-term outlook can track ONGC long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of ONGC stock is 384.4. Compared to the current market price of 245.45 INR, the ONGC stock is Undervalued by 36.1%.

As per the fundamental analysis of Oil & Natural Gas Corporation Ltd. (ONGC), it is of Deluxe quality in terms of earnings and profit margins with an EPS of 32.06. Oil & Natural Gas Corporation Ltd. book value per share as of today is 243.22. The current price to book ratio for ONGC as of Nov 23, 2024 is 1.01.


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 245.45 32.06 243.22
GAIL 192.80 15.84 97.61
GUJGASLTD 461.65 18.4 111.7
ASIANENE 323.00 9.8 62.67
PETRONET 323.60 26.12 113.09
IGL 312.65 22.96 122.17
OIL 507.15 42.51 271.25
GSPL 332.10 19.93 182.03
HINDOILEXP 187.32 2.75 76.63
JINDRILL 742.80 35.1 406.14
Updated at: 22 Nov 2024 15:30

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