ONGC Shares Rise in Anticipation of September Quarter Results
ONGC shares have seen a rise of over 1% today, reaching Rs 255.05 by 9:55 a.m. on November 10, 2025. This increase comes as the company prepares to announce its financial results for the September quarter, which is also expected to include an interim dividend.
Market Performance Overview
Both Nifty 50 and Sensex indices opened positively today. Nifty 50 gained 90.50 points, or 0.36%, while Sensex increased by 259.26 points, or 0.31%. Despite this upward trend, ONGC’s stock performance has been lackluster throughout 2025.
Stock Performance Insights
- ONGC shares have gained 3.47% in the past month.
- Year-to-date gains for ONGC are at 7.58%.
- Nifty 50 index has risen by 7.75% in the same period.
- Nifty Oil & Gas index up by 11.60% year-to-date.
Taking these figures into account, ONGC has underperformed its benchmark index by approximately 4% this year. Currently, the company accounts for 14.86% of the Nifty Oil & Gas index.
Strategies to Address Market Challenges
As an upstream oil and gas production company, ONGC is directly impacted by declining oil prices. To counteract the revenue declines, ONGC plans to reduce its total costs by 15% over the next two years. The current Brent crude price is $64.11 per barrel, while WTI crude is at $60.25 per barrel.
In response to potential global economic slowdowns and the risk of further price drops, ONGC is implementing various strategies:
- Partnering with BP to enhance production at the Mumbai High oil field.
- Improving drilling efficiency.
- Entering the oil trading business to boost revenues.
Valuation Metrics
Currently, ONGC shares trade at a trailing price-to-earnings (P/E) ratio of 8.90. Comparatively, the Nifty Oil & Gas index has an average P/E ratio of 11.84. The stock’s 52-week high is Rs 273.50, while the 52-week low stands at Rs 205.
This information is intended solely for informational purposes and does not constitute a recommendation for investment. Source: NSE, ONGC
