ONGC Share Price Halts 7-Session Rally on June 17, 2025 — What’s Behind the Stock Movement?

After a strong 7-session uptrend that saw ONGC rise nearly 10%, the stock finally saw a breather on June 17, 2025. Shares of Oil and Natural Gas Corporation Ltd (ONGC) slipped by 1.38%, trading at ₹252.85, even as global crude prices gained ground for the second day in a row.

While geopolitical risks pushed Brent crude near $75 per barrel and WTI above $74, investor sentiment around ONGC took a cautious turn on June 17, 2025. Here's what’s driving the pause in momentum.

Why Did ONGC Shares Decline?

While rising crude oil prices are usually a tailwind for upstream oil producers like ONGC, the pause in its rally likely reflects short-term profit booking and broader market caution.

Brent crude prices have been climbing since last week, driven by escalating tensions in the Middle East. If this uptrend continues, it could significantly boost ONGC’s profitability in the coming quarters, according to news reports.

ONGC Q4 FY25 Financial Performance

State-run Oil and Natural Gas Corporation (ONGC) posted a 35% year-on-year decline in its net profit for the March quarter of FY25, as weaker crude price realisations weighed on earnings despite stable output levels. The company reported a net profit of ₹6,448 crore for Q4 FY25, down from ₹9,869 crore in the same quarter last year.

 For the full fiscal year, ONGC’s average oil price realisation slipped by 4.8% to $76.90 per barrel. Despite this, the company intensified its exploration efforts, drilling a total of 578 wells in FY25 — the highest in 35 years. This includes 109 exploratory and 469 development wells, up from 544 wells drilled in FY24.

Read More: Massive Oil Discovery in Andaman Sea? Here's Why It Could Transform India’s Energy Future.

ONGC Share Price Performance

As of June 17, 2025 (12:46 PM), shares of Oil and Natural Gas Corporation Ltd (ONGC) were trading lower. The stock opened slightly higher at ₹256.60 and touched an intraday high of ₹257.35 before slipping to a low of ₹251.50.

The volume-weighted average price (VWAP) stood at ₹253.18, with a total traded quantity of 6.62 lakh shares and a turnover of ₹16.76 crore. ONGC’s 52-week range spans from a low of ₹205.00 to a high of ₹344.60, and the company’s full market capitalization currently stands at ₹3.17 lakh crore.

Conclusion

While ONGC’s rally may have paused on June 17, 2025, the overall outlook remains closely tied to global crude oil trends and geopolitical developments. The company’s operational strength, backed by record drilling activity, provides a foundation for potential growth if crude prices continue to rise. However, short-term market movements may continue to reflect broader investor sentiment and profit-taking.

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