Surge in Open Interest Signals Increased Trading Activity for ONGC Amid Stock Challenges

Aug 04 2025 01:00 PM IST
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Oil & Natural Gas Corporation Ltd. (ONGC) has seen a notable rise in open interest, reaching 59,710 contracts, alongside a trading volume of 27,856 contracts. Despite this increased trading activity, the stock has underperformed its sector and is currently trading below key moving averages, indicating market challenges.
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 59,710 contracts, marking a rise of 7,660 contracts or 14.72% from the previous open interest of 52,050. This surge coincides with a trading volume of 27,856 contracts, indicating robust participation in the market.

Despite this uptick in open interest, ONGC's stock has underperformed its sector, declining by 0.75% today, while the broader sector gained 0.91%. The stock has faced consecutive losses over the past three days, with a total decline of 2.78% during this period. Currently, ONGC is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a challenging market position.

The company's market capitalization is approximately Rs 2,98,782 crore, classifying it as a large-cap entity. Additionally, ONGC boasts a high dividend yield of 5.81% at the current price, and its liquidity remains favorable for trades sized at Rs 5.72 crore based on recent trading activity. Overall, the notable increase in open interest highlights a shift in trading dynamics for ONGC amidst a backdrop of recent stock performance challenges.
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