Oil & Natural Gas Corporation Limited Share Price & Analysis
Fundamentals
Today's Price Action
ONGC trades flat at ₹283.45 with volume matching its 20-day average of 61.38 L, indicating neutral sentiment and balanced participation. No momentum build-up suggests accumulation near year-low levels.
Valuation Snapshot
P/E of 9.4 trades below broader market benchmarks despite sector data unavailability, highlighting potential value. ROE of 10.6% reflects average capital efficiency for a state-owned energy major.
Key Levels to Watch
The stock hovers just below its 52-week low of ₹293, with immediate resistance at ₹288 and critical downside risk toward ₹278 if support cracks. A close above ₹293 needed to challenge the flat 52-week range.
Trader Takeaway
Watch for volume-backed breakouts above ₹288 to initiate long positions with a target of ₹293.