Oil & Natural Gas Corporation Ltd. (ONGC) has experienced a significant increase in open interest today, reflecting notable activity in the derivatives market. The latest open interest stands at 93,307 contracts, up from the previous figure of 80,032, marking a change of 13,275 contracts or a percentage increase of 16.59%. This surge in open interest coincides with a trading volume of 70,362 contracts, indicating heightened market engagement.
In terms of performance, ONGC has outperformed its sector by 1.82%, with a one-day return of 1.56%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend in its price trajectory. However, it is noteworthy that delivery volume has seen a significant decline, with a reported delivery volume of 3.71 lakh on October 21, down by 94.08% compared to the 5-day average.
ONGC boasts a market capitalization of Rs 3,17,023.04 crore and offers a high dividend yield of 5.04% at the current price. The liquidity of the stock remains robust, with sufficient trading capacity for transactions up to Rs 4.22 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and the stock’s performance metrics highlight a dynamic trading environment for ONGC.
