Highlights

• Oil Country Tubular Ltd (NSE: OCTL) fell 6.26% to ₹59.59 after touching an intraday low of ₹59.00.
• The stock remains above its 21-day SMA of ₹44.14 despite the latest decline.
• Oil Country Tubular reported a standalone net loss of ₹1,472.62 lakh for the December 2025 quarter.

Overview

Oil Country Tubular Ltd (NSE: OCTL) declined 6.26% to ₹59.59 after opening at ₹62.11 and slipping steadily through the session. The stock had briefly moved to an intraday high of ₹63.35 before giving up gains and closing closer to the day’s low.

The fall comes after a sharp rally over the past few weeks that had lifted the stock from the ₹38.00 zone to above ₹63.00. The latest session suggests that momentum may be cooling after the recent surge.

Fundamental View

For the quarter ended December 2025, Oil Country Tubular reported standalone total income of ₹582.74 lakh.

The company remained loss-making during the quarter. Profit before tax stood at a loss of ₹2,123.04 lakh, while net loss came in at ₹1,472.62 lakh. Earnings per share was negative at ₹-3.36.

The weak quarterly performance continues to remain a concern, although the stock had been rallying strongly in anticipation of an operational turnaround.

Technical View

Oil Country Tubular is still trading comfortably above its 21-day Simple Moving Average of ₹44.14, which means the broader recovery structure remains intact for now.

However, the stock failed to sustain above the ₹63.00 mark and has started to slip after a sharp vertical move. This type of price action often indicates that near-term momentum is fading and that the stock may enter a consolidation phase.

The 14-day RSI stands at 69.49, which is still close to the overbought zone. Although momentum remains elevated, the RSI has started to cool from recent highs, suggesting that the stock may need more time before attempting another move higher.

Key Technical Levels

The ₹54.50–50.10 area may now act as the first important support zone if the current decline continues. Holding above this region would keep the broader recovery structure intact.

On the upside, the stock may face fresh resistance around ₹65.10–68.90. Unless Oil Country Tubular moves decisively above this band, the recent rally may continue to lose pace.

Source: TradingView

Risks to Watch

• The stock has started to weaken after a very sharp rally, raising the possibility of short-term profit-booking.
• The company remains loss-making, which may limit the sustainability of the recent move.
• Failure to hold above ₹54.50 could weaken the present recovery structure.
• The stock remains highly volatile and may continue to witness sharp swings.

Summary

Oil Country Tubular Ltd (NSE: OCTL) has lost momentum after failing to hold above ₹63.00. Although the stock remains above its 21-day SMA and the broader structure is still positive, the recent rally appears to be cooling.

The next few sessions may determine whether the stock stabilises above the ₹54.50–50.10 zone or slips into a deeper correction.

FAQs

Why did Oil Country Tubular share price fall today?

The stock declined after failing to sustain above ₹63.00 following a strong rally in recent weeks.

Is Oil Country Tubular still trading above its 21-day SMA?

Yes. The stock is still trading above its 21-day SMA of ₹44.14.

What are the next key levels for Oil Country Tubular?

The stock may find support near ₹54.50–50.10, while resistance is likely around ₹65.10–68.90.