ONGC - Swing Trade Analysis with AI Signals
Back to ListSwing Trade Rating: 4.3
| Stock Code | ONGC | Market Cap | 3,23,375 Cr. | Current Price | 257 ₹ | High / Low | 278 ₹ |
| Stock P/E | 9.93 | Book Value | 267 ₹ | Dividend Yield | 4.77 % | ROCE | 14.8 % |
| ROE | 11.4 % | Face Value | 5.00 ₹ | DMA 50 | 246 ₹ | DMA 200 | 245 ₹ |
| Chg in FII Hold | 0.45 % | Chg in DII Hold | -0.27 % | PAT Qtr | 9,848 Cr. | PAT Prev Qtr | 8,024 Cr. |
| RSI | 56.9 | MACD | 5.52 | Volume | 2,02,51,990 | Avg Vol 1Wk | 3,56,64,686 |
| Low price | 205 ₹ | High price | 278 ₹ | PEG Ratio | -2.42 | Debt to equity | 0.10 |
| 52w Index | 71.6 % | Qtr Profit Var | -17.8 % | EPS | 25.9 ₹ | Industry PE | 18.6 |
📊 ONGC presents a strong case for swing trading with solid fundamentals and supportive technicals. The stock is currently at ₹257, trading above both its 50 DMA (₹246) and 200 DMA (₹245), showing bullish strength. RSI at 56.9 is moderately positive, while MACD at 5.52 confirms upward momentum. With a high dividend yield (4.77%) and low debt-to-equity (0.10), the stock offers stability. Optimal entry would be in the ₹250–₹255 range. If already holding, exit near ₹275–₹278, where resistance from the 52-week high is expected.
✅ Positive
- Strong ROCE (14.8%) and ROE (11.4%) indicate efficient capital use.
- EPS of ₹25.9 supports valuation strength.
- Dividend yield of 4.77% provides attractive returns.
- Low debt-to-equity ratio (0.10) ensures financial stability.
- FII holdings increased (+0.45%), showing foreign investor confidence.
⚠️ Limitation
- PEG ratio (-2.42) suggests weak growth prospects relative to valuation.
- Quarterly profit variance (-17.8%) indicates earnings volatility.
- DII holdings decreased (-0.27%), showing reduced domestic institutional support.
- Trading volume below weekly average suggests reduced short-term participation.
📉 Company Negative News
- Quarterly profit decline from ₹11,984 Cr. to ₹9,848 Cr. (-17.8%).
- PEG ratio negative, reflecting limited growth visibility.
📈 Company Positive News
- EPS of ₹25.9 and strong ROCE/ROE highlight operational efficiency.
- Dividend yield of 4.77% adds investor appeal.
- FII inflows (+0.45%) show confidence in long-term prospects.
🏭 Industry
- Industry PE at 18.6 is higher than ONGC’s 9.93, suggesting undervaluation.
- Energy sector demand remains strong, supported by global oil and gas trends.
🔎 Conclusion
ONGC is a strong swing candidate with solid fundamentals, attractive dividend yield, and supportive technicals. Entry near ₹250–₹255 offers a margin of safety. Exit around ₹275–₹278 is advisable if already holding, as resistance is expected near the 52-week high. Despite earnings volatility, the stock remains undervalued compared to industry peers, making it favorable for swing trades.