ONGC share price closes at ₹225, down 0.27% on October 22

Key Takeaways:

• ONGC ended at ₹225, down ₹0.62 or 0.27%, after trading in a very narrow ₹2 intraday range. 
• Volume reached 10.23 million shares, while the closing price stood only ₹6 above the displayed 52-week low. 
• The stock remained below its 50-day DMA of ₹232.10 and 200-day DMA of ₹247.20, with all displayed return periods negative. 

Oil & Natural Gas Corporation share price closed October 22 at ₹225, falling ₹0.62 or 0.27%. The stock opened at a displayed ₹226, the same rounded figure as its previous close. It moved between ₹224 and ₹226 throughout the session, making the ₹2 high-low spread one of the narrowest absolute ranges in this Nifty 50 batch. 

ONGC finished midway between those rounded intraday extremes, ₹1 above the low and ₹1 below the high. Trading volume reached 10,228,488 shares. The high share count combined with the narrow price range was a more distinctive feature than the modest 0.27% daily decline. 

Moving-average levels were all above the final price. The 50-day DMA stood at ₹232.10, the 100-day DMA at ₹240.20 and the 200-day DMA at ₹247.20. ONGC closed ₹7.10 below its 50-day average and ₹22.20 below its 200-day measure. The gaps widened consistently from the shorter to the longer displayed averages. 

The 52-week low was ₹219 and the high ₹308. At ₹225, the stock ended only ₹6 above the annual low but ₹83 below the annual high. This positioned ONGC close to the lower edge of its 52-week range. 

All four return periods were negative. One-month performance was -4.51%, while the three-month return stood at -9.96%. Six-month performance was -20.52%, the weakest of the displayed periods, and the one-year return was -9.32%. The six-month figure was more than twice the magnitude of the annual decline. The narrow October 22 trading range, relatively heavy volume and price near the annual low were therefore the session's principal quantitative characteristics.