Religare keeps INR 370.00 target for ONGC stock

Published on 10/13/2026 at 13:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached INR 2.05 trillion in the quarter ended June 30, 2026. ONGC stock costs INR 222.65 on October 13, 2026, up 1.20 percent on NSE.

Religare maintained a Buy rating and INR 370.00 target for ONGC in a report carried on October 13, 2026.
ONGC revenue reached INR 2.05 trillion in the quarter ended June 30, 2026, up 25.70 percent year over year.
ONGC stock costs INR 222.65 on October 13, 2026 at 3:28 p.m. IST, up 1.20 percent versus the NSE close of October 12, 2026.
ONGC traded at a price to earnings ratio of 6.43 with market capitalization of INR 2.8 trillion on October 13, 2026.

ONGC, INE213A01029, Illustration mit AI erstellt.

Religare maintained its Buy rating on ONGC and set a target of INR 370.00, according to The Economic Times in a report carried on October 13, 2026. The target stands 66.22 percent above ONGC's NSE price of INR 222.65 on the same date. ONGC last traded at INR 222.65 on NSE on October 13, 2026 at 3:28 p.m. IST, up 1.20 percent versus the NSE close of INR 220.00 on October 12, 2026.

Revenue reached INR 2.05 trillion

StockScans reports converted revenue of INR 2.05 trillion in the quarter ended June 30, 2026, up 25.70 percent from the year-ago quarter. Operating profit was INR 154.85 billion in the same period, while the operating margin was 7.50 percent.

Stock stays below its yearly high

ONGC traded between an annual low of INR 218.53 and a high of INR 307.50 as of October 13, 2026. The current price is 27.59 percent below the 52-week high and 1.88 percent above the 52-week low, keeping the share close to the lower end of its annual range.

The company operates across exploration and production, refining and marketing, petrochemicals, power and renewable energy. ONGC reported Profit After Tax of INR 328.94 billion for fiscal year 2026 and oil and gas production of 40.46 million tonnes of oil equivalent.

Valuation and market comparison

ONGC had market capitalization of INR 2.8 trillion, a price to earnings ratio of 6.43 and a dividend yield of 0.06 percent on October 13, 2026. The latest reported figures place valuation alongside a quarter in which revenue expanded while operating margin narrowed to 7.50 percent.

Comparison with peers

ONGC (NSE, INR): plus 1.20 percent, P/E 6.43, market capitalization INR 2.8 trillion
Oil India (NSE, INR): plus 0.78 percent, P/E 8.66, market capitalization INR 723.8 billion
Reliance Industries (NSE, INR): plus 0.67 percent, P/E 21.13, market capitalization INR 15.8 trillion

Price and investor reference

ONGC's October 13, 2026 move was smaller than its 52-week decline of 27.59 percent from the annual high, while its price to earnings ratio remained below the levels shown for Oil India and Reliance Industries. The next quarterly reporting window concerns the quarter ended September 30, 2026, with Indian listing rules setting November 14, 2026 as the statutory outer limit for publication.

Market context: Market report BSE Sensex.