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ONGC fire incident raises concerns over aging infrastructure

pre-market1 source ↓written by the desknot a recommendation

and a trailing
₹3.61 trillion
P/E ratio
9.51

A fire at ONGC's SHP Platform was swiftly contained, restoring operations. However, the incident highlights risks associated with aging offshore infrastructure. ONGC's stock trades at ₹287.20, with a market cap of ₹3.61 trillion and a trailing P/E ratio of 9.51, lower than peers like Oil India and Vedanta. This situation may prompt traders to reassess operational risks and valuations.

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 5 Apr 2026, 07:07 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

ONGC closed −1.9% on the day of the news, from ₹287.20 to ₹281.85; Nifty +1.1% over the same session; futures OI −1.0%.

Bulletin at 07:07 IST on 5 Apr 2026. Every change is measured from ₹287.20, the last close before it, on 2 Apr. 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 it262.73287.20311.67axis spans 19%before the news · 2 Apr287.20Nifty 50ONGCbulletinD0+1+3+525 Mar9 Apr21 AprFutures open interest, lotspeak 59,000Reference close ₹287.20. 16 sessions from 25 Mar to 21 Apr; 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 %
Before2 Apr₹287.20basebase
On the day6 Apr₹281.85▼ −1.9%▲ +1.1%−3.0 pp difference
+1 session7 Apr₹286.65▼ −0.2%▲ +1.8%−2.0 pp difference
+3 sessions9 Apr₹288.60▲ +0.5%▲ +4.7%−4.2 pp difference
+5 sessions13 Apr₹287.55▲ +0.1%▲ +5.0%−4.8 pp difference
Gap at the open, % · ₹
0.0%+0.09 on 6 Apr
Day's range, % · ₹
2.8%≈ 8.0 high to low
Volume on the day
0.87×the 20-session average
Futures OI on the day
▼ −1.0%−410 lots · long unwinding · price −1.9%
Futures OI open, lots
41,0006 Apr · 28 Apr expiry
Futures premium, ₹
+1.50+0.5% to spot
Puts per call, by OI
0.42from 0.54 the session before
Max pain
284from 284 the session before

Source NSE UDiFF bhavcopy · ONGC on the desk →

Thread · ONGCAll ONGC bulletins →

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