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ONGC appoints new CFO and forms joint venture with MRPL, OPaL

ONGC appointed Yogish Nayak S as CFO, focusing on financial discipline. The company also formed a joint venture with MRPL and OPaL to enhance its petrochemical operations, aiming to diversify revenue streams and reduce dependence on crude oil.

after close1 source ↓written by the desknot a recommendation

Oil and Natural Gas Corporation (ONGC) appointed Yogish Nayak S as its new Chief Financial Officer, emphasizing financial discipline amid market changes.

Additionally, ONGC announced a joint venture with Mangalore Refinery and Petrochemicals Ltd (MRPL) and ONGC Petro additions Ltd (OPaL) to enhance its petrochemical operations, aiming to diversify revenue streams and reduce reliance on crude oil. This strategic move reflects ONGC's commitment to strengthening its downstream presence.

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 30 Apr 2026, 16:03 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

ONGC closed −2.2% on the day of the news, from ₹299.55 to ₹292.90; Nifty +0.5% over the same session; futures OI +0.3%.

Bulletin at 16:03 IST on 30 Apr 2026. Every change is measured from ₹299.55, the last close before it, on 30 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 it274.03299.55325.07axis spans 19%before the news · 30 Apr299.55Nifty 50ONGCbulletinD0+1+3+524 Apr7 May18 MayFutures open interest, lotspeak 52,000Reference close ₹299.55. 16 sessions from 24 Apr to 18 May; 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 %
Before30 Apr₹299.55basebase
On the day4 May₹292.90▼ −2.2%▲ +0.5%−2.7 pp difference
+1 session5 May₹289.95▼ −3.2%▲ +0.1%−3.4 pp difference
+3 sessions7 May₹283.90▼ −5.2%▲ +1.4%−6.6 pp difference
+5 sessions11 May₹281.00▼ −6.2%▼ −0.8%−5.4 pp difference
Gap at the open, % · ₹
▼ −0.4%−1.14 on 4 May
Day's range, % · ₹
2.5%≈ 7.5 high to low
Volume on the day
0.77×the 20-session average
Futures OI on the day
▲ +0.3%+120 lots · short build-up · price −2.2%
Futures OI open, lots
45,0004 May · 26 May expiry
Futures premium, ₹
+1.65+0.6% to spot
Puts per call, by OI
0.41from 0.52 the session before
Max pain
295from 295 the session before

Source NSE UDiFF bhavcopy · ONGC on the desk →

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