ONGC share price: The meeting of the Board of Directors of the Company is scheduled to be held today (Tuesday, 26th May, 2026) to consider and approve Audited Financial Results (Standalone and Consolidated) of the Company for the Quarter and Financial Year ended 31st March, 2026; and recommendation of final dividend, if any, for the Financial Year ended 31st March, 2026.
Ahead of the Q4 results, the brokerage firm, Morgan Stanley, maintains an overweight rating. Here’s why, and also check the latest target price.
The brokerage firm, Morgan Stanley, maintains an overweight rating on ONGC with a target price of Rs 363. Here’s why:
EBITDA is expected to rise 17 per cent quarter-on-quarter (QoQ), mainly driven by higher crude oil price realisations. Net crude price realisation may increase around 24 per cent sequentially, while gas price realisation could decline by 1.6 per cent due to lower APM (Administered Price Mechanism) and NWG (New Well Gas) prices. Overall crude oil sales volumes are estimated at 4.72 million metric tonnes (MMT), down 2 per cent year-on-year (YoY) and flat sequentially. Gross crude price realisation is expected at US$77.6 per barrel, up 5.2 per cent YoY and 26 per cent QoQ.
The meeting of the Board of Directors of the Company is scheduled to be held today (Tuesday, 26th May, 2026) to consider and approve Audited Financial Results (Standalone and Consolidated) of the Company for the Quarter and Financial Year ended 31st March, 2026; and recommendation of final dividend, if any, for the Financial Year ended 31st March, 2026.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
