ONGC Sees 4,958 Contracts in Rs 260 Calls as Open Interest Hits 7,295

Oil & Natural Gas Corporation Ltd. (ONGC) has emerged as one of the most active stocks today, reflecting significant trading activity in the options market. The company, a major player in the oil industry with a market capitalization of Rs 3,19,916.50 crore, saw a notable surge in call options, particularly with a strike price of Rs 260, which is set to expire on November 25, 2025. A total of 4,958 contracts were traded, contributing to a turnover of Rs 180.72 lakh, while open interest stands at 7,295 contracts. In terms of performance metrics, ONGC has outperformed its sector by 1.42%, marking a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 255.6, reflecting a gain of 2.47%. Additionally, ONGC is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Investor participation has also increased, with a delivery volume of 88.45 lakh shares on November 11, up 163.27% compared to the 5-day average. The stock offers a high dividend yield of 5.01% at its current price, and its liquidity remains robust, accommodating trades of up to Rs 4.35 crore based on 2% of the 5-day average traded value. Overall, ONGC's performance today highlights its resilience and active engagement in the market.