Umiya Buildcon

< -5%

ECS Biztech

VXL Instruments

Ducon Infratech

Compuage Info

-5% to -3%

REGANTO ENT

Cerebra Int

Intl Data Mgmt

Adtech Systems

HCL Info

Control Print

Swiss Military

Accel

Mangal Compusol

Pelatro

-3% to 0%

D-Link India

Rashi Periphera

Netweb

Innovative Idea

0% to 3%

TVS Electronics

ACI Infocom

3% to 5%

ONGC shares drop for third straight session despite high crude prices., Policy-driven disconnect and market sentiment weigh on ONGC stock., Energy supply issues drive crude prices over $100 per barrel.

* ONGC shares drop for third straight session despite high crude prices.
* Policy-driven disconnect and market sentiment weigh on ONGC stock.
* Energy supply issues drive crude prices over $100 per barrel.

ONGC shares fell for a third straight session despite high global crude prices, due to policy-driven factors like windfall taxes and gas price caps. Geopolitical tensions and market sentiment also contributed to the decline, despite long-term support.

shorts/business/why-are-ongc-shares-not-rising-despite-brent-crude-staying-above-100-all-you-need-to-know

Oil and Natural Gas Corporation (ONGC) shares extended their fall for the third straight trading session on Monday, declining about 4 percent during the period.

The stock of the state-owned oil and gas producer has declined in seven out of the 10 trading sessions in March so far, even as global crude benchmark Brent crude has stayed above the $100 per barrel mark.

Typically, upstream oil producers such as ONGC benefit from higher crude prices as they sell crude oil and oil-linked gas. When global oil prices rise, their realisations improve, unlike downstream oil marketing companies that face pressure on margins due to higher input costs.

India, which depends heavily on crude oil imports to meet its fuel and energy needs, remains exposed to disruptions in the global oil market. In such scenarios, the upstream segment is generally the main beneficiary, as higher crude prices and a weakening rupee improve realisations for crude oil and oil-linked gas.

However, analysts say the recent fall in ONGC shares despite elevated oil prices reflects policy-related factors and broader market sentiment.

Santosh Meena, Head of Research at Swastika Investmart, said the decline in the stock despite Brent trading around $104–$106 per barrel is largely due to a policy-driven disconnect.

&quot;The recent decline in ONGC shares despite high global crude prices is primarily due to a policy-driven disconnect and broader market risk. While high oil prices normally boost upstream revenues, the Indian government’s windfall tax (SAED) and natural gas price caps on legacy fields effectively siphon off ‘supernormal’ profits, preventing the company from fully realising the global price surge,&quot; he said.

Meena added that geopolitical tensions have also weighed on investor sentiment.

&quot;Furthermore, the escalation of the US-Iran conflict in early March 2026 has triggered massive FII outflows and a ‘risk-off’ sentiment across the Nifty, dragging down large-cap stocks like ONGC as investors book profits near the Rs 293 peak. Technically, the stock has slipped into a short-term consolidation phase, trading below its 20-day and 50-day moving averages, which has prompted further selling even as long-term support remains intact,&quot; he said.

The conflict involving the United States, Israel and Iran has also disrupted global energy supply chains. The developments have led to the closure of the Strait of Hormuz, production cuts at oil fields in Iraq, Saudi Arabia and Kuwait, and the shutdown of the Ras Laffan LNG liquefaction plant in Qatar as well as the Ras Tanura refinery operated by Saudi Aramco.

These disruptions have pushed global crude prices higher.

Brokerage firm HDFC Securities said elevated crude prices support higher realisations for the upstream segment, provided the government does not impose additional taxes.

&quot;For every $5 per barrel increase in Brent crude price above $70 per barrel, ONGC and Oil India’s standalone annual EPS rises by about 14 percent and 9 percent respectively,&quot; the brokerage said in a report, adding that it prefers Oil India over ONGC due to stronger production growth compared with ONGC’s declining output.

Crude oil prices have remained above $100 per barrel despite signals from US President Donald Trump that talks were underway to form a coalition aimed at reopening the Strait of Hormuz, said Manav Modi, analyst – commodities at Motilal Oswal Financial Services.

On a year-to-date basis, ONGC shares have risen about 9.46 percent, according to data from BSE Analytics. Over the past one year, the stock has gained around 15.5 percent.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Why are ONGC shares not rising despite Brent crude staying above $100? All you need to know

Bajel Projects share price advanced 10 percent on March 16 following the company secured more than Rs 700 crore ultra-mega order from MSETCL.

At 09:36am, Bajel Projects was quoting at Rs 154.80, up Rs 14.85, or 10.61 percent, on the BSE.

Maharashtra State Electricity Transmission Co. (MSETCL) on behalf of their SPV SASWAD TRANSMISSION has awarded a contract for establishment of 400/220 kV AIS Sub-Station.

The said contract is to be executed in 23 months from the date of issuance of Notification of Award

The project encompasses the complete turnkey EPC execution of the 400/220 kV Air Insulated Switchgear (AIS) substation at Saswad, Pune, including the design, supply, erection, testing and commissioning of the substation along with all associated transmission lines — covering civil, supply and ETC (Erection, Testing &amp;amp; Commissioning) components.

Catch all the market action on our live blog

On March 10, the company signed a collaboration agreement with National Investment and Infrastructure Fund (NIIF), a sovereign-linked alternative asset manager anchored by the Government of India and AnantGrid Private Limited (Anantgrid), a power transmission developer promoted by NIIF.

In the previous trading session, the share closed at Rs 139.95, down Rs 5.35, or 3.68 percent.

The share touched a 52-week high of Rs 262 and a 52-week low of Rs 138 on 18 July, 2025 and 13 March, 2026, respectively.

Currently, the stock is trading 46.58 percent below its 52-week high and 1.41 percent above its 52-week low.

The market capitalisation of the company stands at Rs 1,790.82 crore.

Bajel Projects shares jump 10% on order win worth over Rs 700 crore from MSETCL

Seamec share price rose in the opening trade on March 16 following the company won a contract worth Rs 410,74,12,440 from ONGC.

At 09:40am, Seamec was quoting at Rs 1,351.85, up Rs 22.70, or 1.71 percent, on the BSE.

Oil and Natural Gas Corporation has issued Notification of Award (NOA) to the consortium of SEAMEC and Supreme Hydro for hiring of operation &amp;amp; maintenance (O&amp;amp;M) services for ONGC owned MSV &quot;Samudra Sevak&quot; for 2026-2028.

The tenure is for 738 days and will commence within 60 days from the date of the NOA.

Catch all the market action on our live blog

In the month of February, the company’s vessel, SEAMEC PRINCESS, has been charter-hired by Supreme Offshore Construction &amp;amp; Technical Services for operations in ONGC’s oilfields on the west coast of India. The total value of the contract is approximately US$ 0.46 million.

In the last nine months, the share price rose more than 54 percent.

In the previous trading session, the share closed at Rs 1,329.15, down Rs 6.10, or 0.46 percent.

The share touched a 52-week high of Rs 1,446.80 and a 52-week low of Rs 753.00 on 17 February, 2026 and 06 August, 2025, respectively.

Currently, the stock is trading 8.13 percent below its 52-week high and 76.51 percent above its 52-week low.

The market capitalisation of the company stands at Rs 3,379.36 crore.

Seamec share price gains on bagging order worth Rs 411 crore from ONGC

Stocks in Focus on March 16: Data Patterns, Adani Power, Waaree Energies, Dilip Buildcon, Ramky Infrastructure, Bajel Projects, Voltas,J K Lakshmi Cement, GMR Airports

* Stocks in Focus on March 16: Data Patterns, Adani Power, Waaree Energies, Dilip Buildcon, Ramky Infrastructure, Bajel Projects, Voltas,J K Lakshmi Cement, GMR Airports

shorts/business/stocks-to-watch-today-data-patterns-adani-power-waaree-energies-ramky-infra-bajel-projects-voltas-jk-lakshmi-cement-gmr-airports-seamec-in-focus-on-16-march

Let's catch up on the latest news from the stock market. From significant investments to major deals, appointments, quarterly earnings, and order wins, here’s a quick look at which stocks will be in focus in today's trade:

Quarterly Earnings

Omnitech Engineering Q3 (Consolidated QoQ)

Profit falls 1.4% to Rs 22.3 crore Vs Rs 22.6 crore

Revenue rises 7.6% to Rs 134.4 crore Vs Rs 125 crore

Stocks to Watch

Data Patterns (India)

The company has received an order worth Rs 288 crore from the Indian Meteorological Department (IMD) for the supply of 32 units of Doppler Weather Radars.

Adani Power

The company has received a Letter of Award (LoA) from Maharashtra State Electricity Distribution Company (MSEDCL) for the supply of 1,600 MW thermal power under a long-term Power Supply Agreement.

Avenue Supermarts

The Board has approved the appointment of Kalpana Unadkat, Independent Director, as Chairperson of the company, effective April 1.

Chandrashekhar Bhave, Chairman of the Board, will complete his second term as an Independent Director on May 16, 2026. Consequently, he will cease to be the Chairman, effective March 31, 2026.

Waaree Energies

The company will open a 10 GW integrated ingot and wafer manufacturing facility in Nagpur, Maharashtra, with an investment of Rs 6,200 crore.

Dilip Buildcon

The company has been declared the L-1 bidder for a road project worth Rs 160.2 crore from the Odisha Bridge &amp;amp; Construction Corporation (OBCCL) on an Engineering, Procurement &amp;amp; Construction (EPC) basis in Odisha.

The project involves the construction of a diversion road of Duduka–Gopalpur–Toparia Road (6 lanes with a service road) in Sundargarh on an EPC mode.

Ramky Infrastructure

The company has announced the execution of a Concession Agreement between the Maharashtra Industrial Development Corporation (MIDC) and its subsidiary Maha Integrated Life Sciences City (MILeS City) for the development of a High-Tech Pharmaceutical Park at the Dighi Port Industrial Area in Raigad, Maharashtra.

The project will be implemented on a Public-Private Partnership (PPP) basis under the Design, Build, Finance, Operate, and Transfer (DBFOT) model, with an estimated project cost of Rs 3,000 crore, including the operating income to be generated during the 90-year operation period.

Bajel Projects

The company has an EPC contract worth over Rs 700 crore from Maharashtra State Electricity Transmission Co. (MSETCL) for the establishment of a 400/220 kV AIS substation at Saswad, Pune, along with its associated transmission lines.

Voltas

The Assistant Commissioner of State Tax has initiated inspection proceedings at the company's office premises in Mumbai on March 12, in respect of GST records pertaining to Maharashtra. The proceedings are ongoing, and the company is fully cooperating with the GST authorities.

At present, there is no material impact on the financials, operations, or other activities of the company due to the aforesaid proceedings.

Additionally, Gyan Shanker Pandey has resigned from the position of Head – Digital, effective March 13, to pursue opportunities outside of Voltas.

JK Lakshmi Cement

The company has been declared the preferred bidder for the mining lease of the New Umrangso limestone block in Assam. The limestone block spans an area of 200 hectares.

GMR Airports

The company has received a Letter of Award (LoA) from Delhi International Airport (DIAL), intimating that it has emerged as the selected bidder to upgrade, modernize, finance, operate, manage, and maintain Cargo Terminal 1 at the Indira Gandhi International Airport, New Delhi.

The project is based on a revenue-share payment model to DIAL for an initial period of up to 2036, with an estimated revenue share of Rs 340 crore in the first full year of operations.

Meanwhile, passenger traffic in February increased by 0.3 percent YoY to 1.02 crore passengers, while aircraft movements rose by 1.8 percent to 60,505 during the same period.

Seamec

Oil and Natural Gas Corporation (ONGC) has issued a Notification of Award to the consortium of Seamec and Supreme Hydro Pvt. Ltd. for the hiring of operation &amp;amp; maintenance (O&amp;amp;M) services for ONGC-owned MSV &quot;Samudra Sevak&quot; for 2026–2028.

The total value of the order will be around Rs 410.74 crore.

InterGlobe Aviation

The company has introduced a fuel charge on domestic and international routes, effective March 14, due to the significant surge in fuel prices following ongoing geopolitical issues in the Middle East. IATA’s Jet Fuel Monitor indicates over an 85% increase in fuel prices for the region.

Hindalco Industries

In a clarification note addressing media reports claiming Hindalco halted aluminium product sales amid the Iran war, the company stated that it has not halted operations of its aluminium extrusions business.

The aluminium extrusions segment constitutes a small portion of Hindalco’s production capacity, and the potential impact is currently limited to less than 0.1% of the company’s overall operations. All other downstream and upstream operations, including primary aluminium, continue to operate normally, supported by captive power and alternate energy arrangements.

Britannia Industries

Members of the company have approved the appointment of Rakshit Hargave as the Chief Executive Officer and Managing Director of the company for a term of five years, effective December 15.

Bulk Deals

Biopol Chemicals

Kingsman Wealth Management has bought 80,400 equity shares (equivalent to 0.74 percent of paid-up equity) in Biopol Chemicals at Rs 96.99 per share, while D V Investments sold 78,000 shares at Rs 97 per share.

Kingsman Wealth Management, which already held a 5.55 percent stake (6 lakh shares) in Biopol as of February 12, also picked up a 1.21 percent stake on March 12.

SEPC

Promoter Mark AB Welfare Trust sold a further 1.27 crore equity shares (0.65 percent stake) in SEPC at Rs 5.31 per share for Rs 6.76 crore.

In the previous session, SEPC promoters offloaded 0.48 percent (85 lakh shares).

Stock Trades Ex-Dividend

DIC India

Stocks in F&amp;amp;O ban

SAIL
Sammaan Capital

Stocks to Watch Today: Data Patterns, Adani Power, Waaree Energies, Ramky Infra, Bajel Projects, Voltas, JK Lakshmi Cement, GMR Airports, Seamec in focus on 16 March

Kingsman Wealth Management buys additional 0.7% stake in Biopol Chemicals, Promoter Mark AB Welfare Trust sells further 0.65% stake in SEPC

* Kingsman Wealth Management buys additional 0.7% stake in Biopol Chemicals
* Promoter Mark AB Welfare Trust sells further 0.65% stake in SEPC

shorts/business/kingsman-wealth-management-buys-additional-0-7-stake-in-biopol-chemicals

Kingsman Wealth Management has acquired additional over 0.7 percent equity stake in Biopol Chemicals, the specialty chemicals manufacturing company via open market transactions on March 13.

Biopol Chemicals shares rallied 3.39 percent to Rs 100.65 on the National Stock Exchange, following a 3.61 percent decline in previous session.

Bengaluru-based financial services company Kingsman Wealth Management has bought 80,400 equity shares (equivalent to 0.74 percent of paid-up equity) in the company at Rs 96.99 per share, however, D V Investments sold 78,000 shares at Rs 97 per share.

Kingsman Wealth Management, which already held 5.55 percent stake (6 lakh shares) in Biopol as of February 12, also picked up 1.21 percent stake on March 12.

Meanwhile, promoter Mark AB Welfare Trust sold further 1.27 crore equity shares (0.65 percent stake) in SEPC, the EPC company, at Rs 5.31 per share for Rs 6.76 crore.

In previous session, SEPC promoter offloaded 0.48 percent (85 lakh shares).

Computer Peripherals Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Computer Peripherals industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-Q3 FY25-26

Stock News

Why are ONGC shares not rising despite Brent crude staying above $100? All you need to know

Bajel Projects shares jump 10% on order win worth over Rs 700 crore from MSETCL

Seamec share price gains on bagging order worth Rs 411 crore from ONGC

Stocks to Watch Today: Data Patterns, Adani Power, Waaree Energies, Ramky Infra, Bajel Projects, Voltas, JK Lakshmi Cement, GMR Airports, Seamec in focus on 16 March

Kingsman Wealth Management buys additional 0.7% stake in Biopol Chemicals

Computer Peripherals Industry StocksCheck latest stock performance, list of stocks, earnings review & more details about the Computer Peripherals industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-Q3 FY25-26

Stock News

Why are ONGC shares not rising despite Brent crude staying above $100? All you need to know

Bajel Projects shares jump 10% on order win worth over Rs 700 crore from MSETCL

Seamec share price gains on bagging order worth Rs 411 crore from ONGC

Stocks to Watch Today: Data Patterns, Adani Power, Waaree Energies, Ramky Infra, Bajel Projects, Voltas, JK Lakshmi Cement, GMR Airports, Seamec in focus on 16 March

Kingsman Wealth Management buys additional 0.7% stake in Biopol Chemicals

Computer Peripherals Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Computer Peripherals industry stocks.