ONGC, Oil India Share Price Rises as Crude Oil Prices Rise

On Thursday, June 12, shares of ONGC and Oil India rose up to 5% during morning trading. The rise came after crude oil prices saw a sharp increase, improving the earnings outlook for these upstream oil companies. Higher oil prices mean better revenue for producers like ONGC and Oil India.

Brent Crude Rises Amid Middle East Tensions

Brent crude prices, which had dropped to around $61 per barrel in April, have now climbed to about $69–$70. The spike is due to growing geopolitical tensions in the Middle East, raising concerns over the global oil supply.

Impact on ONGC and Oil India Earnings

Falling crude prices had previously hurt earnings. For example, ONGC’s net realisations fell 9% year-on-year in Q4 FY25. The company’s stock had underperformed the Nifty Index due to low oil prices. The current rise in crude prices could now help turn that around, provided the trend continues.

Also Read: Adani Group Q4 FY25 Earnings Results: Reported ₹89,806 Crore EBITDA, Up 8.2%! 

ONGC Share Price Movement

As of 11:36 AM IST on June 12, ONGC share price was trading at ₹249.96, up ₹2.64 or 1.07% for the day. The stock opened at ₹251.50 and touched an intraday high of ₹255.20, with a low of ₹249.13. ONGC has a market capitalisation of ₹3.14 lakh crore and a price-to-earnings (P/E) ratio of 8.68. While the dividend yield is currently not disclosed, the stock has traded between a 52-week high of ₹345.00 and a low of ₹205.00.

Oil India Share Price Movement

As of 11:42 AM IST on June 12, Oil India share price was trading at ₹474.25, reflecting a gain of ₹8.95 or 1.92% for the day. The stock opened at ₹475.00 and recorded an intraday high of ₹489.00 and a low of ₹472.00. Oil India has a market capitalisation of ₹77,080 crore and a price-to-earnings (P/E) ratio of 11.78. The dividend yield is currently not specified. Over the past year, the stock has ranged between a 52-week high of ₹767.90 and a low of ₹325.00.

Conclusion

The surge in global crude oil prices has given ONGC and Oil India a much-needed boost. If prices remain high, it could improve earnings and restore investor confidence in the sector.

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