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EnergyHigh impactAfter close

ONGC stock rises 6% on royalty cut and dividend news

after close1 source ↓written by the desknot a recommendation

to ₹298.95
6.5%
after the government
12 May 2026
were cut
16.66% to 10%
and offshore
9.09% to 8%
Trading volumes exceeded
3.61 crore shares

Oil and Natural Gas Corporation (ONGC) shares surged 6.5% to ₹298.95 on 12 May 2026 after the government announced a royalty reduction for domestic oil extraction. Royalties on onshore crude were cut from 16.66% to 10%, and offshore from 9.09% to 8%. This positive change is expected to enhance profits and cash flows for upstream companies.

Trading volumes exceeded 3.61 crore shares, indicating robust investor interest, especially ahead of the Board meeting on 26 May 2026 for Q4FY26 results and dividend recommendations.

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 12 May 2026, 16:21 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

ONGC closed +0.9% on the day of the news, from ₹294.50 to ₹297.15; Nifty +0.1% over the same session; futures OI −1.6%.

Bulletin at 16:21 IST on 12 May 2026. Every change is measured from ₹294.50, the last close before it, on 12 May. 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 it269.41294.50319.59axis spans 19%before the news · 12 May294.50Nifty 50ONGCbulletinD0+1+3+56 May18 May27 MayFutures open interest, lotspeak 46,000Reference close ₹294.50. 16 sessions from 6 May to 27 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 %
Before12 May₹294.50basebase
On the day13 May₹297.15▲ +0.9%▲ +0.1%+0.8 pp difference
+1 session14 May₹300.90▲ +2.2%▲ +1.3%+0.8 pp difference
+3 sessions18 May₹297.20▲ +0.9%▲ +1.2%−0.2 pp difference
+5 sessions20 May₹298.30▲ +1.3%▲ +1.2%+0.1 pp difference
Gap at the open, % · ₹
▲ +0.8%+2.50 on 13 May
Day's range, % · ₹
2.1%≈ 6.1 high to low
Volume on the day
1.34×the 20-session average
Futures OI on the day
▼ −1.6%−750 lots · short covering · price +0.9%
Futures OI open, lots
45,00013 May · 26 May expiry
Futures premium, ₹
+0.95+0.3% to spot
Puts per call, by OI
0.36from 0.34 the session before
Max pain
295from 293 the session before

Source NSE UDiFF bhavcopy · ONGC on the desk →

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