Surge in Open Interest Signals Increased Activity in ONGC Amid Price Volatility

Apr 04 2025 02:00 PM IST
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Oil & Natural Gas Corporation Ltd. (ONGC) has seen a notable rise in open interest, reaching 135,939 contracts, alongside a trading volume of 141,672 contracts. The stock is trading near its 52-week low and has experienced a recent decline, despite maintaining a high dividend yield and adequate liquidity.
Oil & Natural Gas Corporation Ltd. (ONGC) has experienced a significant increase in open interest today, reflecting notable activity in the stock. The latest open interest stands at 135,939 contracts, up from the previous figure of 117,469, marking a change of 18,470 contracts or a 15.72% increase. The trading volume for the day reached 141,672 contracts, indicating robust participation in the market.

In terms of price performance, ONGC is currently trading close to its 52-week low, just 4.91% away from Rs 215.48. The stock has underperformed its sector by 2.9% and has seen a consecutive decline over the past two days, with a total drop of 9.59%. Today, the stock hit an intraday low of Rs 225.83, reflecting a decrease of 7.18%.

Despite the volatility, with an intraday fluctuation of 5.12%, ONGC maintains a high dividend yield of 5.66% at the current price. The stock's liquidity remains adequate for trading, with a delivery volume of 53.78 lakh shares, although this represents a decline of 27.59% compared to the five-day average. Overall, the increase in open interest amid these price movements highlights the dynamic nature of ONGC's trading environment.
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