ONGC Sees Surge in Open Interest Amid Increased Trading Activity and Delivery Volume

Apr 01 2025 01:00 PM IST
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Oil & Natural Gas Corporation Ltd. (ONGC) has seen a notable rise in open interest and trading volume, indicating increased market activity. The stock has outperformed its sector and demonstrated strong price performance, with significant delivery volume and a high market capitalization, reflecting its robust market dynamics.
Oil & Natural Gas Corporation Ltd. (ONGC) has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 108,820 contracts, up from the previous figure of 96,423, marking a change of 12,397 contracts or a 12.86% increase. The trading volume for the day reached 66,928 contracts, contributing to a futures value of approximately Rs 30,748.62 lakhs.

In terms of price performance, ONGC has outperformed its sector by 1.91%, with the stock gaining 4.23% 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, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

Additionally, the stock has shown a notable rise in delivery volume, with 1.26 crore shares delivered on March 28, representing a 70.29% increase compared to the 5-day average. With a market capitalization of Rs 3,13,815 crore, ONGC continues to maintain a high dividend yield of 5.59%. Overall, the increase in open interest and trading activity underscores the stock's current market dynamics.
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