Highlights

• ONGC shares declined nearly 3% during Thursday's trading session.
• The stock touched an intraday low of ₹243.35 amid broad selling pressure.
• Despite recent weakness, ONGC has delivered positive returns over one-year, three-year, and five-year periods.

Shares of Oil and Natural Gas Corporation Limited (NSE:ONGC) were under pressure on June 12, 2026, with the stock falling nearly 3% during afternoon trade. The decline comes amid continued weakness in the stock over the past month, even as the company maintains its position as India's largest crude oil and natural gas producer. The stock was trading at ₹245.65, down ₹6.95 or 2.75% from its previous close of ₹252.60.

Source: Analysis by Kalkine

Selling Pressure During the Session

ONGC opened lower at ₹250.30 and remained under pressure throughout the trading session. The stock touched an intraday high of ₹250.85 before declining to a low of ₹243.35. The volume-weighted average price (VWAP) stood at ₹245.76, reflecting sustained selling activity during the day.

Trading volumes remained elevated, with approximately 255.42 lakh shares changing hands, generating traded value of around ₹627.72 crore. The stock's impact cost of 0.02 highlights strong liquidity despite the decline.

Recent Performance Remains Weak

ONGC has underperformed the broader market over shorter periods.Over the last week, the stock declined 7.23%, compared with a gain of 0.81% in the NIFTY 50.

During the past month, shares fell 16.60%, significantly underperforming the benchmark index, which advanced 0.75%.On a year-to-date basis, however, ONGC has generated a positive return of 3.22%, while the NIFTY 50 declined 9.91%.

Over the last one year, the stock slipped 0.92%, although this was better than the benchmark's decline of 5.35%. Longer-term returns remain strong. ONGC has delivered gains of 58.40% over three years and 98.79% over five years, comfortably outperforming the NIFTY 50 during both periods.

Market Capitalisation and Trading Metrics

ONGC currently commands a market capitalization of approximately ₹3.09 lakh crore, making it one of India's largest energy companies. The company's free-float market capitalization stands at approximately ₹95,215 crore.

The stock has a face value of ₹5 per share and an applicable margin rate of 14.31%. Deliverable quantity accounted for 55.15% of traded volume, indicating strong participation from both investors and traders.

Position Relative to 52-Week High

ONGC touched a 52-week high of ₹307.50 on April 29, 2026, while its 52-week low of ₹228.61 was recorded on December 17, 2025. At the current market price of ₹245.65, the stock trades approximately 20.1% below its 52-week high but remains around 7.5% above its 52-week low.The correction highlights the pressure seen in the stock following its rally earlier this year.

About ONGC

Oil and Natural Gas Corporation Limited is India's largest crude oil and natural gas exploration and production company. The company contributes around 71% of India's domestic crude oil and natural gas production and plays a crucial role in the country's energy security.

ONGC operates across the hydrocarbon value chain, including exploration, development, and production of oil and gas assets both in India and overseas.

What Investors May Watch

Investors may closely monitor global crude oil prices, domestic gas pricing policies, and production volumes. Market participants may also track developments in exploration activities, reserve additions, and government policies affecting the energy sector.

Future updates regarding production growth, capital expenditure plans, and earnings performance could remain key drivers of investor sentiment.

Key Risks

• Volatility in global crude oil and natural gas prices may affect profitability.
• Regulatory and policy changes could impact earnings visibility.
• Production declines from mature fields may affect output growth.
• Currency fluctuations can influence overseas operations and costs.

Summary

ONGC (NSE:ONGC) shares declined 2.75% during Thursday's session, falling to ₹245.65 and touching an intraday low of ₹243.35. While the stock has faced significant pressure over the past month, it continues to outperform the NIFTY 50 on a year-to-date basis and has generated strong returns over longer periods. Investors may continue to monitor commodity prices, production trends, and regulatory developments for further direction.

FAQs

Q: Why are ONGC shares falling today?
A: ONGC shares declined 2.75% amid selling pressure and continued weakness seen over the past month.

Q: What was ONGC's intraday low?
A: The stock touched an intraday low of ₹243.35.

Q: How has ONGC performed over the last five years?
A: ONGC has delivered a return of 98.79% over five years, outperforming the NIFTY 50's gain of 49.09%.