ONGC shares are up by more than 1% today. At 9:55 a.m. 10th November, 2025, the stock price is up by 1.13% at Rs 255.05. ONGC will declare its September quarter result later in the day today. It is expected to announce an interim dividend too.
Nifty 50 and Sensex have started the day in green today. At this time, Nifty 50 is up by 90.50 points or 0.36%. Sensex is up by 259.26 points or 0.31%.
ONGC shares have underperformed in 2025
ONGC is among the top gainers at Nifty 50 at this time. In the past one month, ONGC’s shares have gained 3.47%. Year-to-date in 2025, its stock has gained 7.58%. Nifty 50 index has gained 7.75% in this period. Nifty Oil & Gas index has gained 11.60% year-to-date in 2025. So ONGC’s stock has underperformed its benchmark index by around 4% this year. ONGC presently has a weight of 14.86% in Nifty Oil & Gas index.
Company’s strategy to counter lower oil prices
ONGC is an upstream oil & gas production company. Lower oil and gas prices, therefore, lower the revenues and profitability of the company. ONGC is taking the course of lowering its total costs and increasing output as oil prices remain subdued. Brent crude for December delivery is currently trading at $64.11 per barrel. WTI crude is trading at $60.25 per barrel.
If global economic slowdown further exacerbates due to higher US tariffs, then price of oil is likely to slip further. To counter lower oil prices, ONGC has put in place a plan to reduce its total costs by 15% in the next two years. It has taken BP as technical partner to help it in increasing production at its Mumbai High oil field. The company will also be taking steps for increasing its drilling efficiency. It will also be entering the oil trading business to give a boost to its revenues.
ONGC’s shares are currently trading at 12 months trailing price-to-earnings (P/E) ratio of 8.90. Nifty Oil & Gas index is trading at average P/E ratio of 11.84. 52-week high price of the stock currently is Rs 273.50. 52-week low price of the stock is Rs 205.
Disclaimer : This content is only for informational purpose. It does not make any recommendation to act or invest.
Source: NSE, ONGC
