# Motilal Oswal bullish on ONGC, sees upside in gas 2026-08-19T18:19:40+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Motilal Oswal has maintained a bullish stance on Oil and Natural Gas Corporation, citing attractive risk-reward. The brokerage expects ONGC's gas price realisation to continue rising, unlike Oil India, as 7-8% of its volumes annually qualify for higher new-well gas prices. The positive outlook comes as ONGC benefits from a unique volume mix where a portion of its gas production fetches premium pricing. This structural advantage could support earnings growth even as broader gas price ceilings fluctuate. Motilal Oswal's analysis suggests ONGC's risk-reward profile remains favourable for investors, driven by this sustained price uptick from new wells. The brokerage did not specify a target price or timeline for the expected gains. ## Indian Opinion Analysis Motilal Oswal's distinction between ONGC and Oil India hinges on a regulatory nuance: only gas from new wells or areas is decontrolled, while legacy output faces administered pricing. ONGC's newer fields give it a pipeline of higher-revenue volumes, insulating it from price caps that pressure Oil India. The real test will be whether ONGC can sustain this advantage as its own fields age and new-well incentives taper. Investors should watch the next government-administered price revision, due in April, which could reset the baseline for comparison. ## Coverage - ndtvprofit.com Brokerage research note presented without editorial slant, focusing on ONGC's gas price advantage over Oil India This story was synthesised by AI from the source linked above. Tags: gas price, Motilal Oswal, Oil India, ONGC Canonical: https://indianopinion.org/motilal-oswal-bullish-on-ongc-sees-upside-in-gas/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/motilal-oswal-bullish-on-ongc-sees-upside-in-gas/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes. How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/