Oil Country Tubular Ltd. Hits Lower Circuit on NSE, 28 October 2026

Steel products maker Oil Country Tubular Ltd. was among the names pinned to the bottom of its price band on NSE on 28 October 2026, and the Oil Country Tubular lower circuit came at Rs 69.88, a 4.99% drop from the previous close of Rs 73.55. Its market cap was Rs 415.77 crore.

Sellers met the exchange-defined band and the stock stayed locked at that floor when this was written. No peer comparison is drawn here, because the figures on hand belong to this one counter and a sector read would need data that is not part of this record.

Key Takeaways

• Oil Country Tubular Ltd. (OILCOUNTUB) hit the lower circuit on NSE at Rs 69.88 on 28 October 2026.
• The session move was -4.99% against a previous close of Rs 73.55.
• Market capitalisation stood at Rs 415.77 crore.
• No official company announcement or verified catalyst was confirmed at the time of writing.
• A price band is an exchange trading rule, not a view on the company or a recommendation.

Key Market Data

Metric	Value
Stock	Oil Country Tubular Ltd.
Current Price / LTP	Rs 69.88
Day Move	-4.99%
Previous Close	Rs 73.55
Day Open	Rs 73.55
Day High	Rs 76.9
Day Low	Rs 69.88
Lower Circuit Price	Rs 69.88
Lower Circuit Limit	Rs 69.88
Market Cap	Rs 415.77 crore
Selected Exchange	NSE

All figures above are as of 28 October 2026, sourced from Univest market data for the NSE listing. Only fields present in the source for this session are shown.

Price Action and Trading Activity

The stock opened at Rs 73.55 on NSE, the same level as its previous close. It then swung between a high of Rs 76.9 and a low of Rs 69.88, and the low is where it touched the lower circuit.

The fall from the previous close was Rs 3.67, or -4.99%. Every figure here is taken from NSE alone, since band limits, day ranges and previous-close values can differ from one exchange to another. The band limit for the session was Rs 69.88, the same level the price reached.

Why Oil Country Tubular Ltd. Hit Lower Circuit

Selling pressure pushed Oil Country Tubular Ltd. down to its exchange-defined band. No official company announcement or verified outside catalyst was confirmed when this was written, so the fall is best read as price action and sentiment.

Without a verified trigger, nothing here ties the move to earnings, a corporate action, sector developments or market talk. A confirmed announcement, if one appears later, would need to be added as a separate update.

The stock reached Rs 69.88 during the session.

What the Oil Country Tubular Lower Circuit Means

Under an exchange price band, a lower circuit is the lowest price a stock may trade at in a session. Oil Country Tubular Ltd. reached that floor at Rs 69.88 on 28 October 2026.

Bands exist to slow sharp swings and keep trading orderly. They describe how the market is structured and say nothing about future returns. Here, the circuit simply records what happened in the session and where the band was hit.

Oil Country Tubular Ltd. Fundamentals and Valuation

Market data adds context that the price move alone cannot give. For Oil Country Tubular Ltd., the PB ratio was 6.38, book value was Rs 11.61 and EPS was -12.06, against a market cap of Rs 415.77 crore. These are reported indicators, not a buy, sell or hold view.

A PB ratio of 6.38 means the market priced the company well above its reported book value per share. Such a gap can reflect hopes for growth, the quality of assets, or thin trading in a smaller counter.

The negative EPS shows the company posted a loss per share in the reported period, which deserves weight next to a single sharp session.

No PE ratio was available. That commonly happens when reported earnings are negative or the dataset has not refreshed, so valuation has to be judged through other measures.

For anyone following lower circuit moves, these numbers help separate the price event from the wider financial profile. One steep day can draw attention, but valuation and returns still call for a separate review.

Peer and Sector Context

Oil Country Tubular Ltd. belongs to the Steel & Iron Products industry within the Iron & Steel sector. The peer table below uses available companies from the same sector or industry to give broader valuation context.

Peer Company	Market Cap	PE	PB	ROE
A-ONE STEELS INDIA LTD	Rs 2944.96 crore	23.28	2.37	16.65%
Ratnaveer Precision Engineering Ltd.	Rs 2911.41 crore	45.27	2.79	12.81%
JTL Industries Ltd	Rs 2898.58 crore	25.27	2.09	8.58%
Welspun Specialty Solutions Ltd.	Rs 2800.2 crore	194.19	6.12	5.31%
Mahamaya Steel Industries Ltd.	Rs 2522.27 crore	252.48	15.68	6.24%

Several of these peers are far larger by market capitalisation than Oil Country Tubular Ltd. Size differences change liquidity and cost of capital, so the table is sector context rather than a like-for-like ranking.

Technical Snapshot

The technical snapshot adds context: RSI was 57.9, the 50-day moving average was 76.71 and the 200-day moving average was 62.86.

What Readers Should Know

What is confirmed: Oil Country Tubular Ltd. touched the lower circuit on NSE at Rs 69.88 on 28 October 2026, a -4.99% move on the day.

Execution is the practical catch with a locked stock. Sellers line up at the band while buyers are scarce, so an exit at the quoted price may not be possible. And no official catalyst had been confirmed at the time of writing.

A lower circuit is best read as a market update rather than a conclusion about the business. The band points to heavy selling in the near term, while any follow-up work should weigh fundamentals, valuation, liquidity, risk and confirmed company disclosures.

Frequently Asked Questions

Why did Oil Country Tubular Ltd. hit lower circuit on 28 October 2026?

The stock reached its lower price band after selling pressure during the session. No official company announcement or verified external catalyst was confirmed at the time of writing.

What was OILCOUNTUB share price on 28 October 2026?

The last traded price used in this article was Rs 69.88 on NSE. That price matched the lower circuit price captured for the event.

What was the lower circuit price for OILCOUNTUB?

The lower circuit price was Rs 69.88. The stated exchange lower circuit limit was Rs 69.88. The event numbers in this article are aligned to NSE.

What is Oil Country Tubular Ltd.'s market cap and PE ratio?

Oil Country Tubular Ltd.'s market cap was Rs 415.77 crore. A PE ratio was not available, which usually points to negative or unrefreshed earnings data.

Which exchange and data source were used?

The selected exchange was NSE. The article uses Univest market data available at the time of generation, captured on 28 October 2026.

Does hitting a lower circuit mean Oil Country Tubular Ltd. is a buy or a sell?

No. A circuit is an exchange price-band rule that caps how far a stock can move in a single session. It carries no view on valuation or business quality and is not a recommendation. Any decision should rest on fundamentals, valuation, liquidity and your own risk tolerance.

Can you buy or sell Oil Country Tubular Ltd. shares when the stock is at the lower circuit?

It is usually difficult. At the lower circuit, sell orders queue up with few buyers, so exiting at the quoted price may not be possible. Orders can stay unfilled until buying interest returns.

What happens the next trading session after a lower circuit?

There is no fixed outcome. The band resets each session, so the stock can open freely, hit the same band again, or reverse. The exchange can also revise the applicable band width. The useful signals to watch are whether the company files any disclosure explaining the move.

What is the lower circuit limit set at for Indian stocks?

Exchange price bands are commonly set at 2%, 5%, 10% or 20% depending on the security, and the applicable band can be revised by the exchange. For Oil Country Tubular Ltd. the stated limit was Rs 69.88. For this session, Oil Country Tubular Ltd. moved -4.99%.