Oil & Natural Gas Corporation share price rises 0.36% to ₹236.80 on September 16

Key Takeaways

• ONGC gained ₹0.85 or 0.36% to ₹236.80 and ended just ₹0.20 below the rounded session high of ₹237. 
• The closing price remained only ₹8.80 above the 52-week low of ₹228 and below all three moving averages. 
• One-year return was positive at 1.95%, while the three-month and six-month readings remained negative. 

Oil & Natural Gas Corporation share price closed September 16 at ₹236.80, up ₹0.85 or 0.36%. The previous close and opening price were both displayed at ₹236. ONGC slipped to ₹233 and later reached a rounded high of ₹237, finishing only ₹0.20 below that level. 

The stated high-low range measured ₹4. ONGC gained ₹0.80 from opening price to close and ended ₹3.80 above the day's low. Trading volume reached 9,175,245 shares. The small rupee range came with a relatively large number of shares changing hands. 

The stock remained close to its annual low. ONGC's 52-week range extended from ₹228 to ₹308. At ₹236.80, the close was only ₹8.80 above the lower endpoint and ₹71.20 beneath the high. The session low of ₹233 came within ₹5 of the annual bottom. 

Moving averages were positioned above the share. The 50-day DMA stood at ₹240.70, leaving a ₹3.90 difference. Its 100-day DMA was ₹248.10, or ₹11.30 higher. The 200-day DMA reached ₹252.50, putting the closing price ₹15.70 lower. 

Returns moved between positive and negative territory. One month was slightly positive at 0.17%. Three months stood at -2.81%, while six months was weaker at -10.34%. The one-year return came back into positive territory at 1.95%, creating a 12.29-percentage-point gap versus six months. 

September 16 was a quiet positive session in comparison. ONGC closed near its daily high but remained only a few rupees above its 52-week low. Its nearest moving average was less than ₹4 higher, while the longer averages were further away. The one-year return also remained only modestly positive, far removed from the larger negative six-month reading.