ONGC.NS stock up 8.32% pre-market: Q3 earnings on Feb 3 set the tone
ONGC.NS stock is trading higher in pre-market trade, rising 8.32% to INR 268.58 as investors position ahead of the company’s Q3 results due 03 Feb 2026. The move follows heavy volume and a sector pickup after the Reliance resource-sharing announcement. Expect the earnings release to influence near-term price direction on the NSE in India.
ONGC.NS stock: Earnings calendar and expectations
Oil and Natural Gas Corporation Limited reports results on 2026-02-03 and the market is focused on production, realisations and refining margins ahead of the call. Analysts expect stable core EBITDA driven by higher oil realisations and stable domestic gas sales. Management commentary on overseas production and capex will be the key catalyst.
Price action, volume and liquidity
Price hit a pre-market high INR 269.65 after opening at INR 249.20, with today’s volume at 73,423,905.00 versus an average of 8,918,652.00 shares. This surge pushed the stock to a YTD gain of 12.88%. The strong relative volume, relVolume 8.23, shows institutional flows and sets up a high-impact earnings print where volatility is likely to spike.
Fundamentals and valuation for ONGC.NS stock
ONGC’s trailing EPS is 29.11 with a PE of 9.23 and a PB of 0.92, signaling a value tilt versus peers. The company pays a dividend of INR 12.25 per share and yields 4.56%. Balance-sheet ratios include debt to equity 0.48 and interest coverage 6.13, which support earnings resilience. Market cap stands at INR 3,378,811,389,147.00.
Technical snapshot and sector context
Short-term indicators show RSI 43.94 and ADX 27.34, implying a strengthening trend but limited immediate upside on momentum indicators. The 50-day average is INR 240.41 and the 200-day average is INR 242.35. Energy peers trade on an average PE of 20.24, so ONGC’s valuation at PE 9.23 remains discounted relative to the sector. Nearby sector news includes a Reliance-ONGC cooperation that could reshape asset economics Investing.com.
Meyka AI grade and model forecast for ONGC.NS
Meyka AI rates ONGC.NS with a score out of 100 at 76.37 (Grade B+, Suggestion: BUY). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects a 12-month target of INR 297.39, implying an upside of 10.73% from the current INR 268.58. Forecasts are model-based projections and not guarantees. See more on our stock page: Meyka ONGC.NS.
Risks, catalysts and near-term outlook
Key risks include swings in global crude, domestic gas-price policy changes, and execution on overseas projects. Regulatory moves on royalties could also hit margins. Near-term catalysts are the Q3 print on 03 Feb 2026, updated production guidance, and any commentary on the Reliance partnership reported recently Reuters.
Final Thoughts
Pre-market strength puts ONGC.NS stock in focus as traders position for the Q3 earnings on 03 Feb 2026. Fundamentals show a PE of 9.23, EPS 29.11, and dividend yield 4.56%, supporting the value case. Meyka AI’s model projects a 12-month price of INR 297.39, an implied upside of 10.73% versus the current INR 268.58. Technicals signal a strengthening trend but warn of short-term volatility given the elevated relative volume. Monitor the earnings release for production detail and margin commentary. Our grade (B+, score 76.37) reflects strong metrics and sector context but also flags policy and commodity risks. Forecasts are model-based projections and not guarantees.
FAQs
When will ONGC.NS report earnings and why does it matter?
ONGC.NS reports Q3 on 03 Feb 2026. The result matters for production updates, oil realisations and refining margins, which directly affect earnings, free cash flow and the near-term stock move.
What valuations metrics should investors watch for ONGC.NS stock?
Watch EPS 29.11, PE 9.23, PB 0.92 and dividend yield 4.56%. These show a low valuation relative to the energy sector and help gauge upside after the earnings print.
What is Meyka AI’s outlook for ONGC.NS stock?
Meyka AI’s forecast model gives a 12-month target of INR 297.39, implying a 10.73% upside from INR 268.58. This is a model projection and not an investment guarantee.
What are the main near-term risks for ONGC.NS?
Main risks include global crude volatility, domestic gas pricing changes, regulatory shifts, and any adverse commentary on overseas project execution. These can quickly affect the stock at earnings.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
