ONGC

Recent Quarterly Trends Strong Q2 FY26 profit growth: ONGC reported a 28 % YoY increase in consolidated net profit, supported by improved efficiency and higher gas value realizations; interim dividend declared. Revenue growth has been muted or slightly down due to lower crude price effects despite production increases. Bullish fundamental points ✔ Profit growth in recent quarters with dividend payout indicates cash returns to shareholders. ✔ Strategic asset deals and partnerships (e.g., JV agreements with BP, Reliance, Vedanta) expand exploration & tackle production challenges. ✔ Jefferies and some brokerages have flagged significant upside potential (targets ₹375–₹430), premised on production ramp-ups in key basins and better gas pricing.