ONGC Sees Surge in Open Interest, Indicating Increased Market Activity

Apr 01 2025 11:00 AM IST
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Oil & Natural Gas Corporation Ltd. (ONGC) has seen a notable rise in open interest, indicating increased trading activity. The stock has outperformed its sector and demonstrated strong investor participation, with significant delivery volume. ONGC maintains a substantial market capitalization and a high dividend yield, highlighting its market presence.
Oil & Natural Gas Corporation Ltd. (ONGC) has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 107,517 contracts, marking an increase of 11,094 contracts or 11.51% from the previous open interest of 96,423. The trading volume for the day reached 50,717 contracts, contributing to a total futures value of approximately Rs 22,477.86 lakhs.

In terms of price performance, ONGC has outperformed its sector by 1.24%, with the stock gaining 3.55% over the last three days. Today, it reached an intraday high of Rs 252.2, reflecting a 2.36% increase. The stock is currently trading above its 5-day, 20-day, and 50-day moving averages, although it remains below its 100-day and 200-day moving averages.

Additionally, the stock has shown rising investor participation, with a delivery volume of 1.26 crore on March 28, which is 70.29% higher than the 5-day average delivery volume. With a market capitalization of Rs 3,12,305.43 crore, ONGC continues to maintain a high dividend yield of 5.59%. Overall, the notable spurt in open interest underscores the active trading environment surrounding ONGC, reflecting current market dynamics.
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