Should I buy ONGC stock in 2025?

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At HelloSafe, our expert has been tracking ONGC's performance for over three years. Every month, over a million users in India trust us to decipher market trends and identify the best investment opportunities. Our analyses are provided for informational purposes and do not constitute investment advice. In accordance with our ethical charter, we have never been, and will never be, compensated by ONGC.

What is ONGC?

How much is ONGC stock?

The price of ONGC stock is rising this week. Currently trading at ₹244.05 per share, ONGC has gained 1.24% in the last 24 hours but is down 0.28% over the past week. The company posts a robust market capitalization of ₹3,07,022 crores, with an average three-month trading volume of 14.5 million shares. ONGC holds a P/E ratio of 8.49, a healthy 5.02% dividend yield, and a beta of 1.02, reflecting moderate volatility compared to the broader market. This combination of high yield and low valuation supports ONGC’s appeal for investors seeking both value and income with balanced risk.

Our full analysis on the ONGC stock

Having thoroughly reviewed ONGC’s latest financial results and its stock performance over the past three years, this analysis blends key financial metrics, technical signals, market movements, and a robust competitor review—powered by our proprietary algorithms. The synthesized outcome aims to uncover both short-term opportunities and long-term structural value. So, why might ONGC stock once again become a strategic entry point into the Indian energy sector in 2025?

Recent performance and market context

ONGC trades at ₹244.05 per share, with a 1.24% uptick over the last 24 hours but a slight decline of 0.28% over the past week and down 11.16% year-on-year. This relative underperformance is not unique to ONGC but reflects the cyclicality in global oil & gas markets amid fluctuating commodity prices. Despite short-term headwinds, ONGC remains fundamentally anchored as the backbone of India’s hydrocarbon production, with a market capitalization of ₹3,07,022 crores and steadfast support from domestic economic expansion and energy policy initiatives. Recent partnerships, such as the Mitsui OSK collaboration for ethane carriers, signal a strong pivot toward global integration and value chain strengthening, positioning ONGC to benefit from infrastructure-led economic growth and increasing energy demand.

Technical analysis

Technical indicators for ONGC show a stock finding its floor and preparing for a potential upward move. The 14-day RSI at 52.32 signals neutral momentum—often a base for future advances. MACD has turned positive (0.20), indicating the start of a possible bullish cross, while the stock hovers just above its 20-day moving average (₹242.99), reinforcing an underlying bid from value-seekers. Critical support holds at ₹241.83 with resistance near ₹246.23, and bullish signals from a recent 5-day moving average crossover have historically preceded average 7-day gains of over 3%. With the share trading near key long-term averages and volume patterns stabilizing, ONGC’s risk-reward dynamics appear attractive for investors looking for anticipated sectoral rebounds throughout the Indian market cycle.

Fundamental analysis

ONGC’s fundamentals remain impressively resilient. Q4 FY25 revenue stood at ₹1,73,789 crores, up 3.13% quarter-on-quarter, reinforcing the company’s scale even amidst rising exploration costs and lower realized prices. EBITDA for the quarter was ₹15,867 crores, and net profit reached ₹7,323 crores—delivering sustained profitability though with margin compression. The current P/E ratio of 8.49 signals undervaluation, especially when compared with sector and global peers, and the hefty 5.02% dividend yield appeals to both growth and income-focused investors. Strategic expansion in both offshore fields and natural gas projects ensures that ONGC continues to deepen its market-leading status with over 84% of India’s domestic hydrocarbon production. International partnerships and a growing emphasis on renewables and energy transition further enhance long-term viability, providing a solid base for compounding shareholder returns.

Volume and liquidity

ONGC is one of the most liquid stocks on the Indian bourses, with a 3-month average daily volume of 14.5 million shares, underscoring investor confidence and robust participation from both institutional and retail investors. This high liquidity enables efficient price discovery and low transaction costs, making ONGC particularly suitable for large portfolio allocations and tactical trading opportunities alike. The company’s sizable float is well-balanced with substantial promoter (government) holding of 58.89%, ensuring market stability and ongoing strategic alignment with national priorities.

Catalysts and positive outlook

• Ongoing expansion of offshore exploration and accelerated development of natural gas projects create new revenue streams and export capabilities.
• Strategic joint ventures and international agreements—exemplified by the Mitsui OSK deal—demonstrate ONGC’s ability to access new markets and advanced technologies.
• India’s policy shift toward energy security, a natural gas-powered economy, and the broader clean energy transition provides regulatory and demand-driven tailwinds.
• The 2025-2026 period is set to be transformative, with expectations of improved margins, possible upward revisions to gas prices, and progress in energy diversification initiatives (including green hydrogen).
• ONGC’s strong operational backbone and commitment to dividend payments amplify its appeal as a core defensive asset in diverse portfolio strategies.

Investment strategies

• Short-term positioning: For tactical investors, ONGC offers an ideal entry around current technical support levels. Seasoned buyers often find value in periods of technical consolidation, with upcoming quarterly earnings and new project announcements serving as potential positive catalysts.
• Medium-term perspective: As oil and gas prices stabilize and the Indian economy’s structural demand remains robust, ONGC’s profitability and regular dividend payouts could support a strategic holding horizon through market cycles.
• Long-term vision: ONGC’s ongoing expansion into natural gas, renewables, and international partnerships align perfectly with India’s 2030 energy blueprint. The company’s scale, expertise, and policy alignment suggest it is well positioned to capture structural growth for years to come, making it a compelling anchor for long-term, growth-and-income investment portfolios.

Is it the right time to buy ONGC?

The case for ONGC as a buy is shaped by its undeniable scale, attractive valuation, leadership in India’s energy market, and resilient business model. The stock, trading close to multi-year technical support and well below consensus analyst targets (₹317, +30% upside), seems to represent an excellent opportunity for both new and seasoned investors. With a robust 5.02% dividend yield, a defensive sector profile, and clear evidence of strategic renewal through global partnerships and energy transition projects, the fundamentals justify renewed interest at current levels.

The risk profile remains balanced, with ONGC’s exposure to global energy price cycles offset by its diversified growth plans and strong governmental support. Investors seeking value, income, and long-term compounding potential may find ONGC entering a new bullish phase. In summary, ONGC stands out as a foundational holding for any portfolio aiming to benefit from India’s dynamic energy future while participating in an established leader’s growth story.

ONGC’s compelling combination of value, liquidity, and growth potential positions it for renewed positive momentum, making now a particularly favorable moment for those considering exposure to India’s vital energy sector.

How to buy ONGC stock in India?

Buying ONGC stock online is straightforward and secure when you use a regulated broker in India. Retail investors can choose between spot buying (owning real ONGC shares) or trading via CFDs (contracts for difference), which allow you to speculate on price movements with leverage. Both methods can be accessed easily from home or on your mobile device. Further down the page, you'll find a broker comparator to help you determine which provider is best suited for your needs.

Spot buying

A cash purchase of ONGC stock means you become the direct owner of each share, benefiting from dividends and long-term growth. In India, typical fees include a flat brokerage commission, often starting from just ₹50–₹150 (around $5), per stock order.

Gain scenario

If the ONGC share price is $2.92 (₹244.05), you can buy around 341 shares with a $1,000 stake, including a brokerage fee of around $5.

If the share price rises by 10%, your shares are now worth $1,100.

Result: +$100 gross gain, i.e. +10% on your investment.

Trading via CFD

CFD trading on ONGC shares enables you to speculate on both upward and downward price changes. Here, you never own the actual shares. Instead, you access leverage—amplifying gains and losses—with typical fees coming from the market spread and overnight financing if the position is held for more than a day.

CFD Gain Scenario with Leverage

You open a CFD position on ONGC shares, with 5x leverage. This gives you a market exposure of $5,000.

✔️ Gain scenario:
If the stock rises by 8%, your position gains 8% × 5 = 40%.
Result: +$400 gain, on a bet of $1,000 (excluding fees).

Final advice

Before investing, take time to compare the fees, commissions, and available features across different brokers—our detailed comparison is further down the page. The most suitable method depends on your personal strategy: cash buying for long-term investors seeking stability and dividends, or CFDs for those seeking flexibility and higher risk/reward potential.

7 Tips for Buying ONGC Stock

The latest news about ONGC

ONGC has signed a major agreement with Japan’s Mitsui OSK for ethane carrier construction. On 3 July 2025, ONGC formalized a strategic partnership intended to boost India's petrochemical logistics, enabling future gas and ethane imports to support domestic sectors, reflecting India’s growing global integration.

Technical signals point to short-term upward momentum for ONGC after a bullish moving average crossover. As of 3 July, a bullish crossover on the 5-day moving average triggered a signal historically associated with a 3.24% average gain within seven days, highlighting renewed short-term buying interest for investors in Indian equities.

Analyst consensus remains positive on ONGC, projecting significant upside and supporting strong local sentiment. The latest survey shows 19 out of 28 analysts rate ONGC as “Buy” or “Strong Buy,” with an aggregated price target of ₹317, implying a potential 30% upside—a reflection of sustained institutional and retail interest in Indian energy.

ONGC maintains stable dividend returns amid sector volatility, recently declaring a final dividend of ₹1.25 per share. Despite volatile energy markets, ONGC has sustained robust dividend payouts (5.02% current yield), underscoring the company’s commitment to shareholder value and income stability for Indian investors.

India’s policy and market environment continue to favor ONGC’s leadership in domestic oil and gas exploration. With government support, ongoing offshore expansion, and large-scale gas development projects, ONGC sustains its dominant position—producing over 84% of India’s hydrocarbons and benefitting from pro-growth regulatory measures.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.