{"id":113366,"date":"2026-06-10T16:22:13","date_gmt":"2026-06-10T10:52:13","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=113366"},"modified":"2026-06-10T16:22:14","modified_gmt":"2026-06-10T10:52:14","slug":"oil-india-share-price-ongc-crude-fall","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/oil-india-share-price-ongc-crude-fall\/","title":{"rendered":"Oil India Share Price Crashes 10% and ONGC Falls Nearly 3% as Brent Crude Slips Near $91 Per Barrel on OPEC+ Hike and Iran Ceasefire"},"content":{"rendered":"<div class=\"meta-block\">\u00a0<\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>Oil India share price: Rs 426.55 (-10.38%). Open Rs 467, High Rs 467.60, Low Rs 422.55, Prev close Rs 475.95. ONGC: Rs 251.60 (-2.86%). Open Rs 259, High Rs 261.85, Low Rs 251.40, Prev close Rs 259. Brent crude: ~$91\/barrel (down from $95+).\u00a0<\/em><\/p>\n<p>The <strong><a href=\"https:\/\/univest.in\/user\/stocks\/oil\/oil-india-ltd-share-price-today\">Oil India<\/a> share price<\/strong> crashed 10.38% to Rs 426.55 on Wednesday, June 10, 2026, while ONGC fell 2.86% to Rs 251.60 as Brent crude oil prices slipped near $91 per barrel, down sharply from $95+ earlier in the week. The broad-based sell-off in upstream oil stocks reflects three simultaneous bearish catalysts for crude: the OPEC+ alliance approved a July production increase of 188,000 barrels per day, the US-Iran ceasefire removed a significant geopolitical risk premium from oil prices, and China&#8217;s crude imports fell to approximately 7.8 million barrels per day, the lowest level in eight years. For <strong>Oil India share price<\/strong>, which generates approximately 95% of revenues from crude oil sales, a sustained move lower in Brent directly compresses earnings per barrel and forward earnings estimates for FY27.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=oil-india-ongc-crude-fall\"><strong>Click Here &#8211; Get Free Stock Research From Univest<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/oil-india-share-price-ongc-crude-fall\/#Oil_India_and_ONGC_Key_Market_Data\" title=\"Oil India and ONGC: Key Market Data\">Oil India and ONGC: Key Market Data<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/oil-india-share-price-ongc-crude-fall\/#Why_Crude_Oil_Is_Falling_Near_91Barrel\" title=\"Why Crude Oil Is Falling Near $91\/Barrel\">Why Crude Oil Is Falling Near $91\/Barrel<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/oil-india-share-price-ongc-crude-fall\/#Oil_India_Share_Price_Earnings_Sensitivity_to_Crude\" title=\"Oil India Share Price: Earnings Sensitivity to Crude\">Oil India Share Price: Earnings Sensitivity to Crude<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/oil-india-share-price-ongc-crude-fall\/#ONGC_Better_Positioned_but_Still_Under_Pressure\" title=\"ONGC: Better Positioned but Still Under Pressure\">ONGC: Better Positioned but Still Under Pressure<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/oil-india-share-price-ongc-crude-fall\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/oil-india-share-price-ongc-crude-fall\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/oil-india-share-price-ongc-crude-fall\/#Why_is_Oil_India_share_price_falling_10_today\" title=\"Why is Oil India share price falling 10% today?\">Why is Oil India share price falling 10% today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/oil-india-share-price-ongc-crude-fall\/#Why_is_ONGC_share_price_falling_today\" title=\"Why is ONGC share price falling today?\">Why is ONGC share price falling today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/oil-india-share-price-ongc-crude-fall\/#What_happens_to_Oil_India_and_ONGC_earnings_if_crude_stays_at_91\" title=\"What happens to Oil India and ONGC earnings if crude stays at $91?\">What happens to Oil India and ONGC earnings if crude stays at $91?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/oil-india-share-price-ongc-crude-fall\/#Is_this_a_buying_opportunity_in_ONGC_and_Oil_India\" title=\"Is this a buying opportunity in ONGC and Oil India?\">Is this a buying opportunity in ONGC and Oil India?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Oil_India_and_ONGC_Key_Market_Data\"><\/span><strong>Oil India and ONGC: Key Market Data<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"width: 100%; border-collapse: collapse; font-size: 14px;\">\n<thead>\n<tr>\n<th style=\"border: 1px solid #000; padding: 7px 9px; background: #000; color: #fff; text-align: left;\">Stock<\/th>\n<th style=\"border: 1px solid #000; padding: 7px 9px; background: #000; color: #fff; text-align: left;\">NSE<\/th>\n<th style=\"border: 1px solid #000; padding: 7px 9px; background: #000; color: #fff; text-align: left;\">Approx CMP<\/th>\n<th style=\"border: 1px solid #000; padding: 7px 9px; background: #000; color: #fff; text-align: left;\">Change<\/th>\n<th style=\"border: 1px solid #000; padding: 7px 9px; background: #000; color: #fff; text-align: left;\">Catalyst<\/th>\n<th style=\"border: 1px solid #000; padding: 7px 9px; background: #000; color: #fff; text-align: left;\">MCap<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Oil India<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">OIL<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">~Rs 427<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">-10%<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Crude oil revenue realisation hit<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">~Rs 38,000 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\"><a href=\"https:\/\/univest.in\/user\/stocks\/ongc\/oil-and-natural-gas-corporation-ltd-share-price-today\">ONGC<\/a><\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">ONGC<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">~Rs 251<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">-2.8-3%<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Lower crude realisation for FY27<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 3,25,829 Cr<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Brent Crude<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">\u00a0<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">~$91\/barrel<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">-4% from $95<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">OPEC+ hike + Iran ceasefire + China<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">N\/A<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div style=\"background: #E8EAFF; border-radius: 14px; padding: 22px 26px 18px; margin: 24px 0; cursor: pointer;\">\n<p style=\"font-size: 18px; font-weight: bold; color: #0a0a23; margin: 0 0 8px;\">Research Oil India, ONGC and Energy Stocks With Univest<\/p>\n<p style=\"font-size: 14px; color: #3a3a5c; margin: 0 0 10px;\">Univest covers Oil India, ONGC, and all PSU energy stocks with live prices and fundamental research.<\/p>\n<ul style=\"margin: 0 0 12px 18px; color: #3a3a5c; font-size: 14px; line-height: 1.8;\">\n<li>Live Oil India share price tracking with crude oil correlation<\/li>\n<li>ONGC and Oil India earnings sensitivity to Brent crude levels<\/li>\n<li>Daily PSU energy sector picks from Univest research<\/li>\n<\/ul>\n<p style=\"font-size: 14px; color: #3a3a5c; margin: 0 0 12px;\">Unlock the latest <a style=\"color: #3b7fff; font-weight: bold;\" href=\"https:\/\/univest.in\/user\/payment?planType=ALL_PRO%20PLANS\">Top Stock Picks<\/a> on Univest<\/p>\n<p><a style=\"display: inline-block; background: #3B7FFF; color: #fff; font-size: 14px; font-weight: 600; padding: 10px 22px; border-radius: 50px; text-decoration: none;\" href=\"https:\/\/univest.in\/user\/payment?planType=ALL_PRO%20PLANS\" target=\"_blank\" rel=\"noopener\">See the Stocks \u2192<\/a><\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Why_Crude_Oil_Is_Falling_Near_91Barrel\"><\/span><strong>Why Crude Oil Is Falling Near $91\/Barrel<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"width: 100%; border-collapse: collapse; font-size: 14px;\">\n<thead>\n<tr>\n<th style=\"border: 1px solid #000; padding: 7px 9px; background: #000; color: #fff; text-align: left;\">Factor<\/th>\n<th style=\"border: 1px solid #000; padding: 7px 9px; background: #000; color: #fff; text-align: left;\">Detail<\/th>\n<th style=\"border: 1px solid #000; padding: 7px 9px; background: #000; color: #fff; text-align: left;\">Impact on Upstream Stocks<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">OPEC+ Production Hike<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">July output up 188,000 bbl\/day<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Supply glut fears, lower crude prices<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">US-Iran Ceasefire<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Military operations paused; Strait of Hormuz open<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Geopolitical premium reduced<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">China Crude Imports<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">At 7.8 mn bbl\/day (8-year low)<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Demand concerns deepen<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Brent Crude Level<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">~$91\/barrel (down from $95+ earlier)<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Lower FY27 realisation for OIL, ONGC<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">ONGC Breakeven<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Est. $65\/barrel net realisation<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">$91 Brent still profitable but margins compress<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Oil India Exposure<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">95%+ revenues from crude oil sales<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Direct earnings hit on every $1 crude fall<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Oil_India_Share_Price_Earnings_Sensitivity_to_Crude\"><\/span><strong>Oil India Share Price: Earnings Sensitivity to Crude<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>Oil India share price<\/strong> is among the most direct plays on crude oil prices in India. The company&#8217;s revenue and earnings are highly correlated with Brent crude realisations. At $91 per barrel Brent, Oil India&#8217;s net oil realisation (after royalties, cess, and government levies) would be approximately $72-75 per barrel. Compared to Q4 FY26 when Brent averaged $100-108, this represents a 15-20% decline in realisation per barrel, directly impacting FY27 earnings. Morgan Stanley downgraded Oil India to Underweight, setting a target price of Rs 404, citing delayed domestic gas price hikes and weak refinery margins as additional headwinds.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"ONGC_Better_Positioned_but_Still_Under_Pressure\"><\/span><strong>ONGC: Better Positioned but Still Under Pressure<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>While the ONGC share price is also falling today, the decline of nearly 3% is far less severe than the <strong>Oil India share price<\/strong> crash of 10.25%. This relative resilience reflects ONGC&#8217;s diversified earnings base: in addition to upstream oil and gas production, ONGC has significant revenues from HPCL (refining), ONGC Petro additions (petrochemicals), and ONGC Videsh (overseas E&amp;P). Morgan Stanley maintains an Overweight rating on ONGC with a target price of Rs 345, implying approximately 33% upside from current levels, citing strong dividend history and a 3% production CAGR through FY29. ONGC&#8217;s Q4 FY26 net profit of Rs 10,819 crore surged 45.6% YoY, demonstrating robust earnings capacity even in volatile commodity environments.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Track Oil India Share Price, ONGC and All Energy Stocks Live on Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>Oil India share price<\/strong> crash of 10% and ONGC&#8217;s 3% decline today are a direct consequence of Brent crude slipping near $91 per barrel on OPEC+ production increases, US-Iran ceasefire, and weak China demand. Investors should monitor Brent crude levels closely, as any sustained move below $88-90 per barrel would further compress FY27 earnings estimates. Track live <strong>Oil India share price<\/strong>, ONGC, and Brent crude data on Univest. Consult a SEBI-registered advisor before investing.<\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Oil India share price, ONGC and crude oil live with expert energy research on Univest.<\/em><\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Data sourced from NSE\/BSE\/public filings. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776). Investments are subject to market risk. Consult a SEBI-registered financial advisor before investing.<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_Oil_India_share_price_falling_10_today\"><\/span><strong>Why is Oil India share price falling 10% today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Oil India share price is falling 10.25% today as Brent crude slips near $91 per barrel, down from $95+ earlier in the week. This is directly impacting revenue realisations for upstream oil companies. Three factors are driving crude lower: OPEC+ approved a production increase of 188,000 barrels per day for July, the US-Iran ceasefire has reduced the geopolitical risk premium embedded in oil prices, and China&#8217;s crude imports have fallen to approximately 7.8 million barrels per day, the lowest in eight years. For every $1 fall in Brent, Oil India&#8217;s annual revenue realisation falls by approximately Rs 150-200 crore, making a $4-5 per barrel decline highly material.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_ONGC_share_price_falling_today\"><\/span><strong>Why is ONGC share price falling today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> ONGC share price is falling nearly 3% to Rs 251.45 as Brent crude declines near $91 per barrel. ONGC is India&#8217;s largest upstream oil and gas company, and its revenues and profitability are directly correlated with crude oil prices. For Q4 FY26, Nomura estimates ONGC&#8217;s EBITDA at Rs 18,800 crore, supported by higher crude realisations in Q4. However, Q1 FY27 earnings will be impacted if Brent stays below $91-92 per barrel, as ONGC&#8217;s net oil realisation ceiling is approximately $65 per barrel after government royalties and statutory levies.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_happens_to_Oil_India_and_ONGC_earnings_if_crude_stays_at_91\"><\/span><strong>What happens to Oil India and ONGC earnings if crude stays at $91?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> If Brent crude stabilises near $91 per barrel in FY27, both Oil India and ONGC will see earnings pressure compared to FY26 when Brent averaged $100-110 per barrel during the US-Iran conflict peak. Analysts estimate that ONGC&#8217;s FY27 EBITDA could compress 10-15% from the FY26 peak if crude stays at $90-95. For Oil India, Morgan Stanley downgraded the stock to Underweight, citing delayed gas price hikes and weaker refinery margins. Oil India&#8217;s earnings are more sensitive to crude prices since gas and non-oil revenues are a smaller proportion of its business compared to ONGC.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_a_buying_opportunity_in_ONGC_and_Oil_India\"><\/span><strong>Is this a buying opportunity in ONGC and Oil India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Morgan Stanley has an Overweight rating on ONGC with a target price of Rs 345, implying significant upside from current levels around Rs 260-263. The bank prefers ONGC over Oil India due to superior reserve replacement and faster reserve monetisation. ONGC&#8217;s Q4 FY26 net profit of Rs 10,819 crore (+45.6% YoY) demonstrates earnings resilience. At P\/E of approximately 8x, ONGC is historically cheap. For Oil India, Morgan Stanley has a cautious view with a target of Rs 404. Investors should consider the crude oil cycle before entering positions. This is not investment advice.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Why is Oil India share price falling 10% today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Oil India share price is falling approximately 10% today as Brent crude slips near $91 per barrel, down from $95+ earlier in the week. This is directly impacting revenue realisations for upstream oil companies. Three factors are driving crude lower: OPEC+ approved a production increase of 188,000 barrels per day for July, the US-Iran ceasefire has reduced the geopolitical risk premium embedded in oil prices, and China's crude imports have fallen to approximately 7.8 million barrels per day, the lowest in eight years. For every $1 fall in Brent, Oil India's annual revenue realisation falls by approximately Rs 150-200 crore, making a $4-5 per barrel decline highly material.\"}},{\"@type\":\"Question\",\"name\":\"Why is ONGC share price falling today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"ONGC share price is falling nearly 3% to approximately Rs 260-263 as Brent crude declines near $91 per barrel. ONGC is India's largest upstream oil and gas company, and its revenues and profitability are directly correlated with crude oil prices. For Q4 FY26, Nomura estimates ONGC's EBITDA at Rs 18,800 crore, supported by higher crude realisations in Q4. However, Q1 FY27 earnings will be impacted if Brent stays below $91-92 per barrel, as ONGC's net oil realisation ceiling is approximately $65 per barrel after government royalties and statutory levies.\"}},{\"@type\":\"Question\",\"name\":\"What happens to Oil India and ONGC earnings if crude stays at $91?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"If Brent crude stabilises near $91 per barrel in FY27, both Oil India and ONGC will see earnings pressure compared to FY26 when Brent averaged $100-110 per barrel during the US-Iran conflict peak. Analysts estimate that ONGC's FY27 EBITDA could compress 10-15% from the FY26 peak if crude stays at $90-95. For Oil India, Morgan Stanley downgraded the stock to Underweight, citing delayed gas price hikes and weaker refinery margins. Oil India's earnings are more sensitive to crude prices since gas and non-oil revenues are a smaller proportion of its business compared to ONGC.\"}},{\"@type\":\"Question\",\"name\":\"Is this a buying opportunity in ONGC and Oil India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Morgan Stanley has an Overweight rating on ONGC with a target price of Rs 345, implying significant upside from current levels around Rs 260-263. The bank prefers ONGC over Oil India due to superior reserve replacement and faster reserve monetisation. ONGC's Q4 FY26 net profit of Rs 10,819 crore (+45.6% YoY) demonstrates earnings resilience. At P\/E of approximately 8x, ONGC is historically cheap. For Oil India, Morgan Stanley has a cautious view with a target of Rs 404. Investors should consider the crude oil cycle before entering positions. This is not investment advice.\"}}]}<\/script><\/div><p><\/p>","protected":false},"excerpt":{"rendered":"<p>Oil India share price crashes 10%, ONGC falls 3% as Brent crude slips to $91\/barrel. 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