Nifty Share Price News Desk, Mumbai, 08 March 2026: The share price of Oil and Natural Gas Corporation Limited (NSE: ONGC) closed at Rs 278.95 on the NSE on Saturday, 6 March 2026, up 0.94% from the previous day. No trades took place after the market closed on Sunday, 8 March 2026, keeping the share price steady at Rs 278.95. During the day, the stock’s high was Rs 280.95, and the low was Rs 271.15. In the past 52 weeks, the stock has seen a high of Rs 293 and a low of Rs 205.
Return for ONGC investors:
The company announced record-high dividends for FY26. The second interim dividend for Q3 FY26 was declared at 125% (₹6.25 per share), taking the total interim dividend to ₹12.25 per share. This has given investors a strong return, with a dividend yield of around 4.39%. The company’s consolidated profit in Q3 rose 23% to ₹11,946 crore.
ONGC’s total debt:
The company’s total debt is around INR 1.76 trillion as of September 2025. According to the annual report, this figure was INR 1.878 trillion by March 2025, which is now stable.
Order book:
ONGC, being an exploration and production company, doesn’t have a traditional ‘order book’. However, the company has entered into an agreement with Lamprell for the subsea pipeline replacement project (PRP-IX), which involves 285 km of pipeline and work on offshore platforms. This is part of the company’s infrastructure development.
Top broking firms’ share price target:
By March 2026, the average target price of broking firms is between 286 and 293 rupees. According to the trendline, the total target is 293.43 rupees (5.19% upside), while other reports show a high of 335 rupees and a low of 200 rupees. Some firms are giving hold/neutral ratings, while MarketsMojo has upgraded it to ‘buy’.
Other news:
- In the past few days, oil stocks, including ONGC, have surged as crude oil prices rose due to Middle East tension and the Strait of Hormuz.
- ONGC might take advantage of the US 30-day waiver for buying Russian crude, which could benefit downstream companies.
- Production at the company’s subsidiary OPaL plant has stopped due to a shortage of feedstock, but ONGC’s Q3 results have boosted investor confidence.
ONGC is India’s biggest crude oil and natural gas producing company, contributing 71% to domestic production. Investors should keep an eye on crude prices and global events. (Source: NSE, BSE, company reports and market analysis)
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