Robust Trading Volumes and Value Turnover
ONGC emerged as one of the most actively traded equities by value on the trading session, with a total traded volume of 9,860,908 shares. The total traded value soared to ₹27,459.67 lakhs, underscoring heightened investor interest. This elevated liquidity supports sizeable trade executions, with the stock comfortably accommodating trade sizes up to ₹11.84 crores based on 2% of the five-day average traded value.
The stock opened at ₹277.40 and touched an intraday high of ₹280.80, representing a 2.24% gain from the previous close of ₹274.65. The last traded price stood at ₹278.65 as of 09:44:43 IST, reflecting a day gain of 1.53%, significantly outperforming the Oil sector’s 0.32% rise and the Sensex’s marginal 0.07% increase.
Institutional Interest and Delivery Volumes
Institutional investors have notably increased their participation, as evidenced by the delivery volume of 1.74 crore shares on 19 Feb 2026. This figure represents a substantial 72.9% rise compared to the five-day average delivery volume, signalling strong conviction among long-term investors. Such rising investor participation often precedes sustained price momentum and is a positive indicator for the stock’s medium-term outlook.
Technical Strength and Moving Averages
From a technical perspective, ONGC is trading above all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — indicating a robust upward trend. The stock has recorded consecutive gains over the past two days, delivering a cumulative return of 5.65% during this period. This technical strength is further validated by the fresh 52-week high of ₹280.80 hit today, reinforcing the bullish sentiment among traders and investors alike.
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Fundamental Strength and Market Capitalisation
ONGC’s market capitalisation stands at a commanding ₹3,50,612.38 crores, categorising it firmly as a large-cap stock within the Oil industry. The company’s strong fundamentals are reflected in its high dividend yield of 5.02% at the current price level, offering investors a steady income stream alongside capital appreciation potential.
The recent upgrade by MarketsMOJO from a Hold to a Buy rating, accompanied by a Mojo Score of 75.0, highlights improved quality metrics and positive outlook. The stock’s Market Cap Grade is rated 1, indicating top-tier market capitalisation relative to its peers. This upgrade, dated 05 Feb 2026, signals enhanced confidence in ONGC’s earnings trajectory and strategic positioning within the oil sector.
Sectoral and Benchmark Outperformance
Comparatively, ONGC’s 1-day return of 1.47% outpaced the Oil sector’s 0.32% and the broader Sensex’s 0.07% gains, underscoring its relative strength. This outperformance is particularly noteworthy given the recent volatility in global energy markets and fluctuating crude oil prices. ONGC’s ability to sustain gains amid such conditions reflects operational resilience and effective cost management.
Large Order Flow and Liquidity Considerations
The stock’s liquidity profile remains robust, with the capacity to absorb large order flows without significant price disruption. This is crucial for institutional investors and high-net-worth individuals seeking to build or exit sizeable positions. The combination of high traded value, rising delivery volumes, and strong technicals makes ONGC an attractive candidate for both short-term traders and long-term investors.
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Outlook and Investor Takeaways
Given the recent upgrade and strong trading metrics, ONGC is poised for continued upward momentum. The stock’s ability to outperform its sector and benchmark indices, coupled with rising institutional interest, suggests a favourable risk-reward profile. Investors should monitor crude oil price trends and global energy demand dynamics, which remain key drivers for ONGC’s earnings and valuation.
Moreover, the company’s attractive dividend yield provides a cushion against market volatility, making it a compelling option for income-focused portfolios. The technical breakout above all major moving averages further supports a bullish stance, with potential for further gains if volume sustains.
However, investors should remain vigilant to geopolitical risks and regulatory changes impacting the oil sector, which could introduce volatility. A disciplined approach combining fundamental and technical analysis will be essential to capitalise on ONGC’s current momentum.
Summary
In summary, Oil & Natural Gas Corporation Ltd. has demonstrated strong value turnover, institutional buying, and technical strength, culminating in a recent upgrade to a Buy rating by MarketsMOJO. The stock’s fresh 52-week high, high dividend yield, and large-cap stature make it a standout performer in the Oil sector. With liquidity supporting large trades and rising delivery volumes signalling investor conviction, ONGC remains a key stock to watch for both short-term momentum and long-term value creation.
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