ONGC, Oil India shares outperform sector with double-digit gains in 2026. Will Iran-Israel crisis fuel more upside?
Analysis of this story by et_markets · 13 Mar 2026, 9:07 AM IST (about 2 months ago)
AI Analysis
Geopolitical tensions in the Middle East are directly impacting global crude oil prices, which is a primary driver for upstream oil and gas companies in India. The sector's performance is highly sensitive to international oil benchmarks.
Trading Insight
Maintain a bullish bias on upstream oil and gas stocks like ONGC and Oil India, with a close watch on crude oil price movements and geopolitical developments.
Quick check: ONGC neutral (+0.0% 1d), OIL neutral (-0.2% 1d).
Key Evidence
- •ONGC and Oil India shares have surged this year, outperforming the Nifty Oil & Gas index.
- •Experts anticipate further upside for these upstream oil producers.
- •The escalation of the Iran-Israel crisis is a key factor driving potential crude oil price hikes.
- •A strong medium-term outlook is projected for these companies.
- •Risk flag: De-escalation of Iran-Israel crisis could lead to crude oil price correction.
Affected Stocks
Sectors:Oil & Gas
Sources and updates
Original source: et_markets
Published: 13 Mar 2026, 9:07 AM IST
Last updated on Anadi News: 13 Mar 2026, 9:32 AM IST
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