Why Are ONGC Shares Not Rising Despite Brent Crude Staying Above $100? All You Need to Know
Oil and Natural Gas Corporation (ONGC), India’s largest upstream oil producer, has puzzled investors by failing to rally even as Brent crude prices remain above $100 per barrel. Typically, higher crude prices boost ONGC’s earnings, but several policy and market factors are offsetting this natural advantage. Key Reasons Behind ONGC’s Weak Share Performance 1. Windfall…