Stock Market May 27, 2026, Preview: ONGC Q4 Results Reaction, Coal India OFS, LIC Bonus Issue Deadline, ITC Dividend Record Date, L&T Orders 

Mumbai, May 27: The market reaction to ONGC’s late Tuesday earnings filing, the opening of Coal India’s Offer for Sale for non-retail investors, the last chance to buy LIC shares for its landmark 1:1 bonus issue, ITC’s dividend record date, and fresh order wins at L&T will dominate investor attention on Wednesday even as a volatile geopolitical backdrop from fresh US strikes on Iran keeps broader sentiment cautious.

Here’s what you should track.

ONGC Q4 FY26 Results: Market Reaction Due After Late Filing

Oil and Natural Gas Corporation (NSE: ONGC, 287.35), India’s largest state-owned upstream oil and gas producer, declared its Q4 FY26 results late on Tuesday evening, meaning Wednesday will be the first full session for markets to react to the earnings. ONGC reported a 3% year-on-year rise in Q4 net profit to ₹6,649.97 crore from ₹6,448.28 crore in Q4 FY25, on the back of higher oil and gas price realisations that helped offset a drop in output. Revenue from operations rose marginally to ₹35,928.18 crore from ₹34,982.23 crore in the year-ago quarter. However, the full-year picture was softer, with FY26 net profit declining 7.6% to ₹32,894.02 crore from ₹35,610.32 crore in FY25, weighed down by ₹8,235.98 crore in exploratory well write-offs. The board recommended a final dividend of Re 1 per share for FY26.

Coal India OFS Opens Today: Govt to Raise Up to ₹5,000 Crore

The government’s Offer for Sale in Coal India (NSE: COALINDIA, 425) opens for non-retail investors on Wednesday, with retail investors able to participate on May 29. The Department of Investment and Public Asset Management (DIPAM) has set a floor price of ₹412 per share for the divestment of a 1% equity stake, with a green shoe option to sell an additional 1% if demand warrants it.

At the floor price, the base 1% stake sale is expected to raise over ₹2,500 crore, potentially crossing ₹5,000 crore if the green shoe is fully exercised. The OFS is part of the government’s broader FY27 disinvestment and asset monetisation target of ₹80,000 crore. The government currently holds a 63.13% stake in Coal India, representing approximately 3.89 billion shares.

LIC Bonus Issue: Today is the Last Day to Buy

Wednesday is the final opportunity for investors to purchase shares of Life Insurance Corporation of India (NSE: LICI, 860) and remain eligible for its landmark 1:1 bonus issue the first bonus in the PSU insurance giant’s history since its 2022 listing. LIC has fixed May 29 as the record date to determine shareholder eligibility, and given the Indian stock market’s T+1 settlement system, shares bought today will be credited to demat accounts by Thursday.

However, Thursday is a market holiday on account of Bakri Id, making Wednesday the effective last trading day ahead of the record date. LIC shares have already risen over 7% across three consecutive sessions following strong quarterly earnings and the bonus announcement, and Wednesday’s session is expected to see further activity in the counter as the deadline draws retail and institutional investors alike.

ITC Dividend Record Date: Today is the Cutoff

ITC Limited (NSE: ITC, 298.50) has set Wednesday, May 27, as the record date for its final dividend of ₹8 per equity share (face value Re 1) for FY26 making today the last day for investors to buy ITC shares and be eligible for the payout. Under the T+1 settlement mechanism, shares purchased today will be credited to demat accounts by Thursday, qualifying buyers for the dividend which is scheduled to be paid between July 24 and July 29 following shareholder approval at ITC’s AGM on July 23. Investors who buy on or after Wednesday will not receive the dividend. The FMCG and conglomerate major’s dividend record date is expected to generate elevated trading volumes in the ITC counter through Wednesday’s session.

L&T Wins Orders from JSW Utkal Steel, IWAI and Mumbai Port Authority

Larsen & Toubro (NSE: LT, 4,052), India’s largest engineering and infrastructure conglomerate with a USD 32 billion global footprint, disclosed on Tuesday that its wholly-owned subsidiary L&T GeoStructure has secured multiple new orders across infrastructure and maritime sectors. The orders include a piling contract from JSW Utkal Steel for its steel plant project in Paradeep, Odisha a subsidiary of JSW Steel two separate EPC contracts from the Inland Waterways Authority of India for ship repair facilities in Patna and Varanasi, and a contract from Mumbai Port Authority for the construction of India’s first yacht marina at Mumbai Harbour. The yacht marina project will comprise an approach trestle, piled breakwater, service platforms, concrete pontoons and gangways, positioning Mumbai as a global maritime tourism hub. The order additions reinforce L&T’s strong pipeline visibility and are expected to support the stock’s near-term outlook.

Sources:

• NSE India
• BSE India, DIPAM
• Exchange Filings