
ONGC, Oil India shares prices gain up to 4% rising crude Oil prices
Ujjval Jauhari
Published 12 Jun 2025, 09:37 AM IST Stock Market Today: ONGC, Oil India share prices rise
Stock Market Today: ONGC, Oil India share prices gained up to 4% in the morning trades on Thursday on surging Crude Oil prices. The rising Crude prices improve outlook on the net realisations these upstream oil producers earn

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Mint
an hour ago
- Mint
ONGC, OIL India share prices rise up to 4% as Israel-Iran Conflict flares up crude prices further
Stock Market Today: ONGC, OIL India share prices gained up to 4% amidst rising crude price led by Israel-Iran Conflict. The ONGC share price was the largest gainer among Nifty-50 stocks despite stock market crash and benchmark Nifty declining more than 1%. These upstream Oil producers stand among beneficiaries of rising crude prices. The rise in crude prices can help improve realisations for these Oil producers though rise in crude prices may not be favorable for may others.


Time of India
4 hours ago
- Time of India
Shares of OMCs fall, upstream oil cos gain on crude rebound
Mumbai: Shares of oil marketing companies (OMCs) Hindustan Petroleum (HPCL) and Bharat Petroleum (BPCL) tumbled 4-6% on Thursday, while upstream companies Oil India and ONGC closed higher after global crude prices firmed up, fuelled by heightened tensions between the US and Iran. HPCL and BPCL dropped 5.9% and 4.4%, respectively, on Thursday. Oil India and ONGC eked out modest gains after gaining as much as 5.1% and 3.2% during the day. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Kulkas yang belum Terjual dengan Harga Termurah (Lihat harga) Cari Sekarang Undo "Rising crude oil prices are expected to put pressure on the gross marketing margins of oil marketing companies like HPCL and BPCL," said Swarnendu Bhushan, co-head of Institutional Research at Prabhudas Lilladher. "These companies are also trading at expensive valuations and are likely to witness a decline in the near term." Upstream companies like ONGC and Oil India benefit from rising crude oil prices as they sell crude - higher prices mean better realisations and improved profit margins. In contrast, oil marketing companies such as HPCL and BPCL, which buy crude and sell refined fuels, see their costs rise when prices rise. Brent Crude Futures spiked 4.3% to a two-month high of $69.8 on Wednesday after US President Donald Trump said US personnel were being moved out of the Middle East, raising fears that escalating tensions with Iran could disrupt supply. Prices retreated 0.8% to $69.23 on Thursday. Live Events "The key reason for the increase in crude oil prices is the escalating geopolitical tensions between the US and Iran, which may lead to supply disruptions," said Sumit Pokharna, vice-president at Kotak Securities. Pokharna said crude prices are not worrisome at current levels of around $68; however, if tensions escalate, there could be a significant jump in prices. Analysts said crude oil prices are anticipated to remain elevated in the near term, given the geopolitical concerns, which could lead to further declines in OMC stocks and upside for upstream companies like Oil India and ONGC.

Time of India
12 hours ago
- Time of India
Iran To Build New Uranium Site After IAEA Censure; Tehran Threatens U.S. Bases If Attacked
/ Jun 12, 2025, 10:54PM IST Iran has announced plans to open a new high-security uranium enrichment facility following an IAEA resolution declaring it in violation of nuclear safeguards. Tehran's nuclear chief confirmed advanced centrifuge upgrades at Fordo and plans to triple enrichment capability. This comes amid escalating tensions, as Iran warns it will target all U.S. bases if attacked. Watch