ONGC Sees 9,001 Call Contracts Traded, Marking Significant Market Activity

Oil & Natural Gas Corporation Ltd. (ONGC) has emerged as one of the most active stocks today, particularly in the options market. The company, a significant player in the oil industry with a market capitalization of Rs 3,11,299.00 crore, has seen notable trading activity in its call options expiring on October 28, 2025. The strike price for these options is set at Rs 250, with a total of 9,001 contracts traded, resulting in a turnover of approximately Rs 528.58 lakh. The open interest stands at 8,327 contracts, indicating a robust interest in this option.
In terms of performance metrics, ONGC has outperformed its sector by 1.33% today, with a 1.46% return compared to a sector return of 0.34% and a slight decline of 0.06% in the Sensex. The stock is currently valued at Rs 247.5, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend. Additionally, the stock has demonstrated rising investor participation, with a delivery volume of 81.68 lakh shares on October 13, reflecting a 51.68% increase against the 5-day average.

With a high dividend yield of 5.12% at the current price and sufficient liquidity for trades up to Rs 4.94 crore, ONGC continues to attract attention in the market. Overall, the activity surrounding ONGC today highlights its strong market position and investor engagement.