−28% from the high · +0.80% from the low
Short build-up into a 26-day expiry: futures OI +1.4% on a −1.5% day, the most call OI sits at 240, the most put OI at 220, max pain 230.
ONGC futures closed at ₹223.78, +0.6% to spot, with 97% of open interest in the 27 Oct contract, and the 223 straddle prices a move of about ±4.6% by expiry.
| Expiry | Close ₹ | Basis ₹ · % | Annualised % | OI lots · on the day | Share of OI % | Contracts traded |
|---|---|---|---|---|---|---|
| 27 Oct26 days | ₹223.78 | +1.41+0.6% | +8.9% | 27,000▲ +1.1% · +280 lots | 97 | 2,700 |
| 23 Nov53 days | ₹224.74 | +2.37+1.1% | +7.3% | 810▲ +10.5% · +77 lots | 2.9 | 210 |
| 29 Dec89 days | ₹226.17 | +3.80+1.7% | +7.0% | 72▲ +56.5% · +26 lots | 0.26 | 47 |
3.2% of futures OI sits beyond the 27 Oct contract · 41 of 60 listed contracts traded · 20,000 option contracts changed hands
The 223 straddle closed at ₹10.23 (call 5.80 + put 4.43), pricing a move of about ±4.6% by the 27 Oct expiry. In the last 253 windows of 19 sessions, ONGC moved more than that 109 times.
After the last 8 bulletins, ONGC closed higher five sessions later in 3 of 8.
| Bulletin | Day of the news | 1 session later | 5 sessions later | Futures OI on the day |
|---|---|---|---|---|
| 19 AugONGC commissions gas evacuation facilities in Assam | ▲ +0.2%Nifty +0.6% · −0.4 pp | ▼ −0.7%Nifty +0.7% · −1.4 pp | ▼ −2.5%Nifty +0.1% · −2.6 pp | ▼ −0.5%short covering |
| 19 AugONGC commissions gas evacuation facilities in Assam | ▼ −0.6%Nifty −0.3% · −0.3 pp | ▼ −0.4%Nifty +0.3% · −0.7 pp | ▼ −3.0%Nifty +0.2% · −3.3 pp | ▲ +2.8%short build-up |
| 18 AugONGC receives US OFAC licence for Venezuela operations | ▲ +0.4%Nifty −0.6% · +1.0 pp | ▼ −0.2%Nifty −0.9% · +0.7 pp | ▼ −1.9%Nifty +0.2% · −2.1 pp | ▲ +1.1%long build-up |
| 17 AugNifty PAT growth reaches 10-quarter high at 18% in Q1FY27 | ▲ +0.4%Nifty −0.6% · +1.0 pp | ▼ −0.2%Nifty −0.9% · +0.7 pp | ▼ −1.9%Nifty +0.2% · −2.1 pp | ▲ +1.1%long build-up |
| 23 JulONGC plans India's first strategic natural gas reserve | ▲ +0.2%Nifty −0.5% · +0.7 pp | ▼ −1.3%Nifty −0.9% · −0.3 pp | ▼ −4.1%Nifty +1.3% · −5.4 pp | ▲ +0.8%long build-up |
| 11 JulFitch upgrades ONGC's credit profile, stable earnings expected | ▲ +1.4%Nifty 0.0% · +1.4 pp | ▲ +1.6%Nifty −0.6% · +2.3 pp | ▲ +1.9%Nifty +0.1% · +1.8 pp | ▼ −0.2%short covering |
| 11 JulFitch upgrades ONGC's standalone credit profile to 'bbb+' | ▲ +1.4%Nifty 0.0% · +1.4 pp | ▲ +1.6%Nifty −0.6% · +2.3 pp | ▲ +1.9%Nifty +0.1% · +1.8 pp | ▼ −0.2%short covering |
| 10 JulONGC expands strategic crude reserves with new project | ▲ +1.4%Nifty 0.0% · +1.4 pp | ▲ +1.6%Nifty −0.6% · +2.3 pp | ▲ +1.9%Nifty +0.1% · +1.8 pp | ▼ −0.2%short covering |
Revenue ₹2,04,987 cr, +26% on a year earlier; profit ₹6,554 cr, −43% in the Jun 2026 quarter, consolidated.
| Quarter | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ | Market on the day |
|---|---|---|---|---|---|---|
| Jun 2026filed 4 Aug | ₹2,04,987 cr | ▲ +26% | ₹6,554 cr | ▼ −43% | 9.46 | ▼ −0.7%Nifty 0.0% · −0.8 pp |
| Mar 2026filed 26 May · audited | ₹1,73,805 cr | ▲ +1.8% | ₹13,678 cr | ▲ +54% | 8.60 | ▼ −4.7%Nifty 0.0% · −4.7 pp |
| Dec 2025filed 12 Feb | ₹1,67,423 cr | ▲ +0.80% | ₹11,946 cr | ▲ +22% | 7.96 | ▼ −3.2%Nifty −1.3% · −1.9 pp |
| Sept 2025filed 10 Nov | ₹1,57,911 cr | ▼ −0.26% | ₹12,615 cr | ▲ +28% | 8.58 | ▼ −0.8%Nifty +0.5% · −1.3 pp |
| Jun 2025filed 12 Aug | ₹1,63,108 cr | ▼ −2.1% | ₹11,554 cr | ▲ +13% | 7.79 | ▲ +1.3%Nifty +0.5% · +0.8 pp |
| Mar 2025filed 21 May · audited | ₹1,70,812 cr | ▲ +2.4% | ₹8,856 cr | ▼ −23% | 5.82 | ▼ −2.8%Nifty −0.8% · −2.0 pp |
| Dec 2024filed 31 Jan | ₹1,66,097 cr | ▲ +0.32% | ₹9,784 cr | ▼ −9.0% | 6.85 | ▼ −1.9%Nifty −0.1% · −1.8 pp |
| Sept 2024filed 12 Nov | ₹1,58,329 cr | ▲ +7.8% | ₹9,878 cr | ▼ −40% | 8.17 | ▼ −1.4%Nifty −1.4% · −0.1 pp |
| Year | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ |
|---|---|---|---|---|---|
| FY26to Mar 2026 | ₹6,62,247 cr | ▲ +0.07% | ₹49,793 cr | ▲ +28% | 32.93 |
| FY25to Mar 2025 | ₹6,61,814 cr | ▲ +2.9% | ₹38,754 cr | ▼ −31% | 28.74 |
| FY24to Mar 2024 | ₹6,43,037 cr | — | ₹56,211 cr | — | 38.41 |
ONGC trades at 6.4 times trailing earnings against 6.6 for its industry, 0.68 times book value, revenue +7.0% over twelve months, a 12% dividend yield, market cap ₹2,80,000 cr.
| Stock | Market cap ₹ | P/E | P/B | Close ₹ |
|---|---|---|---|---|
| ONGCOil & Natural Gas Corporation Limited | 2,80,000 cron 1 Oct | 6.4consolidated | 0.68 | ₹222.35 |
| OILOil India Limited | 72,000 cron 1 Oct | 11consolidated | 1.1 | ₹444.00 |
| VOGLVedanta Oil and Gas Limited | 13,000 cron 1 Oct | — | — | ₹32.00 |
| ANTELOPUSAntelopus Selan Energy Limited | 3,900 cron 1 Oct | — | 6.0 | ₹1,106.50 |
| PRABHAPrabha Energy Limited | 3,200 cron 1 Oct | — | 7.4 | ₹218.30 |
| HINDOILEXPHindustan Oil Exploration Company Limited | 2,200 cron 1 Oct | — | 1.6 | ₹167.30 |
| GNRLGujarat Natural Resources Limited | 1,200 cron 1 Oct | — | — | ₹97.20 |
Promoters hold 58.9%, foreign portfolio investors 8.0%, mutual funds 8.0% and insurance companies 10.8%, as filed for the quarter to 30 Jun.
| Category | 30 Jun | 31 Mar | 31 Dec | 30 Sept | 30 Jun |
|---|---|---|---|---|---|
| Promoters | 58.890.00 pp | 58.890.00 pp | 58.890.00 pp | 58.890.00 pp | 58.89 |
| Foreign portfolio investors | 8.01▲ +0.04 pp | 7.97▲ +0.54 pp | 7.43▲ +0.45 pp | 6.98▼ −0.10 pp | 7.08 |
| Mutual funds | 7.95▲ +0.26 pp | 7.69▼ −0.59 pp | 8.28▼ −0.32 pp | 8.60▼ −0.13 pp | 8.73 |
| Insurance companies | 10.80▼ −0.25 pp | 11.05▼ −0.01 pp | 11.06▲ +0.11 pp | 10.95▲ +0.25 pp | 10.70 |
| Banks and financial institutions | 0.560.00 pp | 0.56▲ +0.21 pp | 0.35▼ −0.06 pp | 0.41▼ −0.01 pp | 0.42 |
| Individual investors | 3.21▲ +0.06 pp | 3.15▼ −0.25 pp | 3.40▼ −0.11 pp | 3.51▼ −0.04 pp | 3.55 |
| Bodies corporate | 0.14▼ −0.03 pp | 0.17▲ +0.03 pp | 0.14▼ −0.02 pp | 0.16▼ −0.01 pp | 0.17 |
| Government | 10.300.00 pp | 10.300.00 pp | 10.300.00 pp | 10.300.00 pp | 10.30 |
| Others | 0.15▼ −0.07 pp | 0.22▲ +0.07 pp | 0.15▼ −0.05 pp | 0.20▲ +0.04 pp | 0.16 |
Nothing upcoming on record; the last was a dividend of ₹1.00 a share, ex-date 4 Sept 2026.
| Ex-date | Action | Amount or ratio | Record date | Source |
|---|---|---|---|---|
| recent | ||||
| 4 Sept 2026 | dividend | ₹1.00 | 4 Sept 2026 | BSE |
| 18 Feb 2026 | dividend | ₹6.25 | 18 Feb 2026 | BSE |
| 14 Nov 2025 | dividend | ₹6.00 | 14 Nov 2025 | BSE |
| 4 Sept 2025 | dividend | ₹1.25 | 4 Sept 2025 | BSE |
| 7 Feb 2025 | dividend | ₹5.00 | 7 Feb 2025 | BSE |
| 19 Nov 2024 | dividend | ₹6.00 | 20 Nov 2024 | BSE |
| 23 Aug 2024 | dividend | ₹2.50 | 23 Aug 2024 | BSE |
| 16 Feb 2024 | dividend | ₹4.00 | 17 Feb 2024 | BSE |
ONGC is −6.4% over 20 sessions against Nifty's −6.2%, 28% below its 52-week high, realised volatility 19% annualised.
| Window | From ₹ | ONGC % | Nifty 50 % | Difference pp |
|---|---|---|---|---|
| 250 sessionssince 26 Sept | ₹238.03 | ▼ −6.6% | ▼ −9.1% | +2.5 |
| 120 sessionssince 9 Apr | ₹288.60 | ▼ −23% | ▼ −5.7% | −17 |
| 60 sessionssince 8 Jul | ₹247.00 | ▼ −10% | ▼ −6.1% | −3.9 |
| 20 sessionssince 2 Sept | ₹237.50 | ▼ −6.4% | ▼ −6.2% | −0.13 |
| 5 sessionssince 24 Sept | ₹239.00 | ▼ −7.0% | ▼ −2.8% | −4.2 |
| 1 sessionsince 30 Sept | ₹225.80 | ▼ −1.5% | ▼ −0.88% | −0.64 |
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