ONGC Shares in Focus as Royalty Rejig Improves Profit Outlook, Says Motilal Oswal — Check Target Price, Potential Upside And More

Lower upstream royalties and revised wellhead pricing norms are expected to lift ONGC’s FY27 standalone net profit by 5%, while commissioning of key offshore projects such as Daman Upside and KG-98/2 strengthens medium-term production visibility.