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EnergyMedium impactAfter close

Fitch upgrades ONGC's credit profile, stable earnings expected

after close1 source ↓written by the desknot a recommendation

Fitch Ratings has upgraded ONGC's standalone credit profile to 'bbb+' from 'bbb', maintaining its Long-Term Foreign-Currency Issuer Default Rating at 'BBB-' with a Stable outlook. The upgrade reflects expectations of EBITDA net leverage remaining below 2.0x despite increased capex. Fitch forecasts annual EBITDA of approximately ₹940 billion over the next two years, supported by stable earnings amid higher crude prices.

This upgrade may enhance investor confidence and positively impact ONGC's market performance.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 11 Jul 2026, 16:02 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

ONGC closed +1.4% on the day of the news, from ₹244.96 to ₹248.45; Nifty 0.0% over the same session; futures OI −0.2%.

Bulletin at 16:02 IST on 11 Jul 2026. Every change is measured from ₹244.96, the last close before it, on 10 Jul. Nifty 50 is measured over the same sessions.

  • ONGC close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
ONGC closes around the bulletin against the close before the news, with Nifty 50 rebased to it224.09244.96265.83axis spans 19%before the news · 10 Jul244.96Nifty 50ONGCbulletinD0+1+3+56 Jul16 Jul27 JulFutures open interest, lotspeak 47,000Reference close ₹244.96. 16 sessions from 6 Jul to 27 Jul; the price axis spans 19 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before10 Jul₹244.96basebase
On the day13 Jul₹248.45▲ +1.4%0.0%+1.4 pp difference
+1 session14 Jul₹248.90▲ +1.6%▼ −0.6%+2.3 pp difference
+3 sessions16 Jul₹246.75▲ +0.7%▼ −0.6%+1.3 pp difference
+5 sessions20 Jul₹249.58▲ +1.9%▲ +0.1%+1.8 pp difference
Gap at the open, % · ₹
▲ +0.6%+1.35 on 13 Jul
Day's range, % · ₹
1.5%≈ 3.7 high to low
Volume on the day
0.71×the 20-session average
Futures OI on the day
▼ −0.2%−88 lots · short covering · price +1.4%
Futures OI open, lots
42,00013 Jul · 28 Jul expiry
Futures premium, ₹
+0.19+0.1% to spot
Puts per call, by OI
0.53from 0.52 the session before
Max pain
243from 243 the session before

Source NSE UDiFF bhavcopy · ONGC on the desk →

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