ONGC.NS Stock Today: January 2 – Year-End Pop, Can Gains Hold?

ONGC share price is on watch this January 2 after a 2.46% rise on December 31. As of the latest session, ONGC.NS traded near ₹241.47, up ₹1.09, within a ₹237.94 to ₹242.55 range. Interest is rising as investors ask if the year-end strength can persist into 2026. We look at price levels, momentum signals, valuation, dividend support, and key dates that matter for Indian portfolios tracking ONGC stock today on the NSE.

ONGC.NS today: price, ranges, and context

ONGC share price is around ₹241.47 versus a previous close of ₹240.38, with day moves between ₹237.94 and ₹242.55. The 52-week range is ₹205 to ₹273.50. Year to date shows a 4.24% gain. The last-day jump of 2.46% drew fresh attention, as noted by coverage on the move here.

The 50-day average is ₹244.27 while the 200-day is ₹241.92, placing price slightly below the 50DMA and near the 200DMA. That mix signals a neutral to cautious setup. Volume printed 20.75 lakh versus a 82.97 lakh average, showing lighter participation. Lighter volume often reduces conviction and makes breakouts less reliable.

Despite the year-end pop, recent updates highlight softer near-term returns for investors tracking ONGC NSE, which we should factor into expectations. See the recent snapshot of performance trends from Economic Times here. Balancing the uptick with the pullback narrative helps frame a realistic short-term view.

Technical setup after the pop

RSI sits at 54.32, neither hot nor cold. MACD histogram is positive at 0.72, hinting at improving momentum. However, CCI is 130.72 and Williams %R is -7.25, both suggesting overbought conditions. In plain terms, ONGC share price has upside momentum, but it may be stretched for the very short term.

ADX at 32.95 signals a strong trend in place. ATR of 3.85 implies typical daily swings near ₹4. Bollinger Bands show upper at ₹242.88 and lower at ₹230.19, with the middle near ₹236.54. Keltner middle is ₹237.33. Tight, rising bands often precede direction tests at the edges.

Immediate resistance sits near the Bollinger upper band at ₹242.88, then the 50DMA at ₹244.27. A firm close above these would strengthen the case for continuation. Support sits near ₹236.50 to ₹237.50, then around ₹230 to ₹231. If price holds above the 200DMA at ₹241.92, the bias stays constructive for ONGC stock today.

Valuation, balance sheet, and dividends

At ₹241.47, the P/E is 8.17 on TTM EPS of ₹29.12. Price to book is 0.81 against a book value of ₹319.67 per share. Return on equity is 9.98%. These metrics point to a value-leaning setup while the price remains below book value, which can support dips if earnings remain steady.

Debt to equity is 0.48 with interest coverage at 6.13, showing manageable leverage. Market cap is about ₹2.99 lakh crore. The current ratio is 0.87, so working capital is tight, but the asset base is strong. Asset turnover at 0.84 and EBIT margin near 12.97% show stable operations for a large oil and gas producer.

Dividend yield is about 5.15% on a TTM DPS of ₹12.25, a key support for the ONGC share price in income-focused portfolios. While dividend growth can vary with crude and gas cycles, a steady base yield near 5% often attracts buyers on weakness, especially among long-term India-focused investors.

Catalysts for January and key date

Crude oil and domestic gas price updates often sway the ONGC stock price. Government policy on upstream pricing and any capex or production updates also matter. Global risk sentiment, rupee moves, and OPEC decisions can shift realized prices and margins. Keep an eye on volumes. Higher volume on up moves confirms breakout quality.

The next earnings announcement is on January 30, 2026. Commentary on production, realizations, and any dividend update will be key for the ONGC NSE thesis. If guidance stays steady and prices hold above key averages, the ONGC share price may keep its constructive bias into results, though overbought signals argue for patience on entries.

Final Thoughts

Here is our simple take. The ONGC share price sits near ₹241 with momentum improving, but short-term signals show overbought risk. Resistance is close at ₹242.88 and ₹244.27, while supports cluster around ₹237 and ₹231. Valuation is supportive with a P/E of 8.17 and price below book. A 5.15% yield adds a cushion. Into January, watch crude, gas pricing headlines, and delivery volume on any breakout. Ahead of January 30 results, we would plan around levels rather than chase moves. For investors, staggered buys near support and trims near resistance can help manage risk while tracking updates to the ONGC stock price. This is not investment advice.

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The content shared by Meyka AI PTY LTD is solely for research and informational purposes.  Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.